Saturday, May 2, 2009

Advance -Decline Ratio

This 10 day advance -decline ratio chart shows that when nifty was at 3484 A/D ratio was in highly overbought area with value of 4.34, since then nifty has been trading in a range of 3300-3500 but A/D ratio has come down to 0.96,so it looks like that nifty is trading in a range to gather strength for further up move.

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