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    SIva

    NIFTY VIEW RS:

    HEADING TOWARDS 10640-690 SPOT.

    ADOPT BUY ON DIPS METHOD TO RIDE THIS TREND.

    Technicals suggesting a minor correction from 10640-10700 levels.
    Negative divergence is visible.
    Momentum is reducing.
    5 wave completion seen.
    Stretched too far from 8800.

    Positive factors:

    Higher highs and higher lows.
    Closed above strong option resistance of 10500.
    Broader participation in all sectors. No weakness across sectors.

    STOPLOSS FOR LONGS : 10490 SPOT.

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