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Market Analysis - Technical View

May 16th (1) 16-May-08 08:38

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Posted by: radhika_nandlal on ( 16-May-08 08:38 )

Folks, Last two days my Predictions for Nifty have gone kaput. So you want no more predictions from me? Thanks for tolerating me. LOL Okay the TRIN is very bullish and in keeping with the rally for both DOW and NIFTY. The MACD histo and ADX are looking better. But Alex says when ADX is above both the directional movements its an overheated market. And its overheated... lets see.. as for now the trend seems to be up and i got caught on the wrong foot ystday.

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