June 23, 2015

Market outlook

Today, for a change, I will post NF charts using kplswing indicator.

As can be seen, the buy signal will come on close above 8500.

Now NF was at 84000 roughly in NOV and we are still at same level today.

So for 6 months markets have been rangebound and this is visible in the indicator whipsaws (all indicators whipsaw in rangebound markets).

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