Monday, 22 April 2013

Nifty Page: 22-04-2013(EOD)

Daily Chart:

Hour Chart:
Here the momentum charts are showing first signs of developing negative divergence:

30 Min Chart:
Here the negative divergence is quite pronounced:

And AP TOOLS:
And trying to find a 5w upmove from 5477:
In consonance with 78.6% retracement of Ya=5972-5477 targeting 5866
& above illustrated maximum for wave 5 at 5886,
I expect current upwave to fizzle out betwwen these two levels i.e. 5866-5886.

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