This blog intends to reduce the noise from the markets by the use of Market Profile as well as studying inter-market associations and their relevance to the short-term trend.
As per your M.O.whenever the oscillator reaches _80 the nifty movesup and whenever it reaches +100 the nifty comes down.But,for the past three days nifty is hovering around +100 but nifty is not coming down.How long it can continue like this?
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As per your M.O.whenever the oscillator reaches _80 the nifty movesup and whenever it reaches +100 the nifty comes down.But,for the past three days nifty is hovering around +100 but nifty is not coming down.How long it can continue like this?
@Jagannathan
Markets can remain in overbought conditions for long stretches. This may be one instance of that.
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