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Moneycontrol.com >> Message Board >> View Messages >> Market Analysis - Technical View
   You are here :     Moneycontrol     MMB      Market View      Market Analysis - Technical View
Crude giving mixed cues (7)   08-Jul-08 09:25Tracked by (0)  
Posted by:   radhika_nandlal on ( 08-Jul-08 09:25 )
Crude is giving mixed cues. While the MACD histo has ticked down and the ADX says BOOK PROFIT, the RSI says BUY and there was accumulation. It could scale up today tomorrow on account of these immediate indications or it could be volatile. Lets see!

The dow and nifty look less bearish but the trend following indicators are still bearish on them. Since the bear power has declined, bull power has increased, the ADX is ticking up and the MACD hist is ticking up, would it be safe to go long in the latter half after the crash. I think so. What say? The TRIN too is terribly oversold and shortcovering may not happen on opening bell, but could happen later??? All a question mark though, and this is not a recommendation, just a view. .LOL

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