
15th February 2012, 08:44 PM
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Join Date: Apr 2011
Location: Khammam, AP, India
Posts: 97
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Bearish Divergence in Nifty
An interesting bearish divergence seen here (between the price and RSI).
http://img859.imageshack.us/img859/3412/bakedchart.png
Any ideas as to how long this bull run would last or do you think the upward trend is too strong to bother for such trivial oscillator signals?
PS - Interestingly the volume seems to confirm the uptrend but isn't the high volume due to the fickle-minded FII flows or the even fickler "liquidity driven rally". Thoughts?
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