Things to watch ,
We ended with a insiders day with a close at 5253.75
Day 9Rsi is OS being below 20 , and there is a +ve divergence in hour charts .
With a close below Day low ema , we are trending down with momentum .
If this +ve divergence has to play then , without getting negated , we will get a close above Day low ema ( 5268) as first sign.
presently day channel bottom at 5205 lvls.
Did go long in the morning , thinking a bounce will come as last leg of wave B , but came out as the day low was broken .
We ended with a insiders day with a close at 5253.75
Day 9Rsi is OS being below 20 , and there is a +ve divergence in hour charts .
With a close below Day low ema , we are trending down with momentum .
If this +ve divergence has to play then , without getting negated , we will get a close above Day low ema ( 5268) as first sign.
presently day channel bottom at 5205 lvls.
Did go long in the morning , thinking a bounce will come as last leg of wave B , but came out as the day low was broken .
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