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.
The triangle breakout has failed. Expect some consolidation or acceleration to the 10600 level.
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 AD Line: The market breadth has completely broken down. Price should follow it down.
Bollinger Band Compression: The compression continues. Wait for the BIG move.