Wednesday, October 31, 2012

Nifty in corrective mode, to turn up once the MACD curve turns up

Nifty and Sensex are currently in corrective mode. The main reason is that MACD had turned down. Also, there were gaps around 18000-18300 area. The Indexes are currently trying to fill those gaps.

Markets will be dull for a while and will turn up first and then give a buy. This is likely to happen during Diwali.