McClellan Oscillator Cools Off while Nifty scales 4 Month Highs After a rally of around 900 points off the lows, $NIFTY scaled yet another mark to push through the current swing high of 8814.10 & made a fresh high of 8821.40. While the intraday volatility increased, McClellan Oscillator Cools Off while Nifty scales 4 Month Highs.…
Nifty 50 McClellan Oscillator Lowest Since March 2016 Nifty 50 McCllellan Oscillator had made a low of -88 on 12th February 2016 and after that, we had never seen those levels till date. Off late is was following a Channelled move down and then went sideways & finally ended up in a Gramophone pattern breakdown on 4th…
McClellan Oscillator Back in Channel After False Break In our last post we had seen McClellan Oscillator in channelled move and had stated that we are not sure if the Index is up for a deep correction or it is just a temporary retracement. It does not matter what stream of analysis one follows. The important part…
Nifty McClellan Oscillator seems to be following a Channelled Move We all know that the McClellan Oscillator is useful in determining the trend of the Stock Index based on the Advances and Declines computed with a formula. Recently we saw the Nifty 50 rising towards new 52 week highs and just few hundred points off…
S&P CNX Nifty Spot – Marching towards newer highs The euphoria of the Lok Sabha Polls is all over & as expected Narendra Modi has become the Prime Minister of the NDA Government. There were speculations that the Indian bourses will hit the upper or lower circuit on the election results day but those speculations…