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Negative Divergence - MFI/NIFTY on Daily Chart

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Old 20th August 2006, 01:52 PM
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Question Negative Divergence - MFI/NIFTY on Daily Chart

Dear friends

I have attached two charts, Which shows negative divergence on MFI indicater with NIFTY on Daily chart. Is there any indication of reversal in trend? Seniors guide me please.

1st chart - 14 Day MFI - Clear indication of previous trend reversals
2nd chart- 22 Day MFI - Indication of current trend reversal?

Regards
Smridhi
Attached Files
File Type: zip 14Day MFI with Nifty.zip (76.2 KB, 17 views)
File Type: zip 22Day MFI with Nifty.zip (71.9 KB, 11 views)
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Old 20th August 2006, 10:08 PM
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Default Re: Negative Divergence - MFI/NIFTY on Daily Chart

Dear friends

I am eagerly waiting to know your response for the post on Negative divergence on MFI with Nifty.
Are these charts of any sigificance?

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Smridhi
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