Weekly Market Update – 27 Jan 2019

 

Nifty Daily – 

The market turned back from the overbought zone and closed 1.16% down for the week near the low point of the weekly range.

 

Nifty Daily

 

The triangle breakout has failed. Expect some consolidation or acceleration to the 10600 level.

 

VIX & Nifty

 

Nifty Weekly – The positive crossover has not resulted in any bullish price accerleration. The PPO (5,10,4) is on the verge of a neagtive crossover.

 

Nifty Weekly

 

Nifty AD Line: The market breadth has completely broken down. Price should follow it down.

 

AD Line

 

Bollinger Band Compression: The compression continues. Wait for the BIG move.

 

Bollinger Band Width

 

 

Weekly Market Update – 27 Jan 2019
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