Charts are showing negative divergences in weekly charts (RSI,MACD). Weekly stochastics have moved into the overbought region. In the last 3 trading sessions, daily stochs has moved from the oversold to bought territory
Nifty has crossed 61.8% Fibonacci retracement of the entire fall of 2008 and now entered into a buying phase (for most retailers) while Sensex didnot and is currently just holding onto that level
What i am Seeing is Maximum 100-125 Points Upwards(Rare Case)....Then straight Down Trend To 4500-4600 Levels
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