Nifty : Negative Divergence

Nifty is moving higher and higher with continuous negative divergence ,looks like correction is right at the corner. 

US Market : DOW

Hourly chart of dow is showing positive divergence so there is possibility of short term bottom being made.

Nifty : Positive Divergence

There is positive divergence on all three indicators , so we could see a bounce tomorrow.

US Market - DOW

US Market corrected as expected in this post .

US Market - Dow

One could see big negative divergence on Dow's 5 day chart and US market is looking overbought on daily scale , so we could see them correcting in coming week.

Nifty : positive Divergence

There is slight positive divergence on indicators on 5 min chart so we could see up move if global cues support.

Morning Thoughts

Negative divergence on indicators point towards possible correction today
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Update at EOD


Market saw correction today and closed 50 points below previous close.

Nifty

Rising wedge in nifty with target of 4580.

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negative divergence persist in all indicators even though nifty is moving up slowly.

Intraday Post

One should carry longs with strict stoploss or may cover longs by EOD as one could see negative divergence on all indicators.

Positive divergence in nifty

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Update at EOD

Positive divergence failed.
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Update on rising wedge in nifty

Target of 4440 reached.

Negative divergence on nifty hourly chart

Nifty

One could see negative divergence on all indicators so one should hold longs with tight stoploss also in chart below we can see that 4790-4800 could provide stiff resistance as it is 61.8% retrachment of 2008 fall.

Negative divergence on nifty hourly chart