Tuesday, August 2, 2011

BN's directional indicator is pointing down in most T/F except in Hour.

Month indication is down and poised to enter negative zone this month;
Week indication is down and poised to enter negative zone this week;
Day indication is down and has entered negative zone yesterday;
Hour indication is rising from oversold but in negative zone.
Hence, use rallies to exit longs and create shorts..
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Monday, August 1, 2011

JNSAR for 02nd Aug & BankNifty TechTable.



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BN exhibits Hour +ve div for a bounce/ rally.

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