Simple words :
1. Candles made a Bullish close EOD above prev top 5412 (on stand alone basis this is a BREAK OUT)
2. 14d RSI refuses to move up even ONE INCH, even though we had a 80 pt rally Intra-day
3. Nifty faces MULTIPLE RESISTANCES @ 5414-5460-5520 zone..
SUMMARY:
1. Not a time for FRESH LONGS, so sit on the side lines & wait for the market to reveal its hand, a close above 5520 is SUPER BULLISH, close below 5320-5340 is a BREAK DOWN SIGN
Pls see the charts.. cheers
Dear SMO, found an interesting conversation and explanation about "Differential quotient - dy/dx"
ReplyDeletehttp://india-men.ning.com/forum/topics/meaning-of-the-differential-quotient?xg_source=activity
Sekar