Mighty Nifty - What Next?

NSE:NIFTY   Nifty 50 Index
238 5 8
Nifty             is moving sideways without giving us a clue about how it will move further. As per Dow's theory any major reversals will be confirmed if both indexes are in agreement. For any strong trend Nifty             and Bank Nifty             should be in agreement. If Nifty             and Bank Nifty             travels in opposite direction, then primary trend wont develop. There is no trend when they conflict each other. We are traders and we need clear trend. RSI shows the momentum is getting weak, but the price action is sideways. Now we have to wait and watch the market until it gives us a clear direction.
As per Dow's theory "line indicates movement". Nifty             is travelling in line, we will get good movement soon.
good explained
vanathi TOP jayramswami99
@jayramswami99, Thank you.
I like how you explain. Good to learn new things or remind the forgotten learning. Keep sharing.😉
vanathi TOP DineshKBhasin
@DineshKBhasin, Thank you. Sure will share my learnings here.
@vanathi, you are welcome.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out