Tuesday, September 27, 2011

Desi MO (McClellan's oscillator for NSE) at EOD 27th Sep 2011


3 comments:

Anonymous said...

Gap down under 4930 coming tonight. Deep cut will be next IMO.. We could see as much as 10% down in next 2 days.

Sam said...

How does one read this indicator?

r m said...

@Sam

MO is a market breadth indicator calculated from the whole market's advance/decline ratio. Basically it is used for measuring risk, when above 60, fresh longs get riskier and below -60 fresh shorts are risky.