Today NIFTY reached to the climax after the ongoing tussle between bulls and bears and ended the suspense of last four weeks. This time also the chart has generated Three Black Crows indicator as previously did between 1-3 May. But this time the force is greater bears appears in complete command of the situation. All other indicators are clear as crystal going negative .
Midterm chart also appear bearish as CMF (Chaikin Money Flow) shows distribution all the way and RSI (Relative Strength Index) has failed to reach anywhere near 70, let alone above it.