Monday, March 29, 2010

Negative Divergence


Today nifty made new 52 week high but i dont think it would go much higher as broader market continues showing weakness, above is the chart showing value of stocks making 52 week high minus stocks making 52 week lows compared to nifty and one could see clear negative divergence between the two.

2 comments:

  1. That's a nice take Renu. Good one.

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  2. Hi Renu,

    Really nice job, Looks like rising wedge will play its part ? April Expiry looks below 5k.

    Rgds,
    Navnit

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