Nifty Analysis with Renko Charts - 29th Aug 16


Since 25th July Nifty is trading in very short range between 8570 - 8700 , finally now short term trend is bearish.

1) Renko Charts showing bearish signal 
    As per Renko chart patterns - targets were placed @ 8542/8509/8537/8244
    SL : 8595.

 2) Super Trend is giving sell signal

 3) MACD & Know The Sure Thing (KST) were in negative divergance.


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