SMV Trading system V1.0 – An Intraday Trading Approach with Combination of SDA2 Trend Trading System + Market Profile + Volume Profile (SMV Trading System v1.0)
Nifty EOD SDA2 Trend trading charts are shown. Daily charts are in buy mode with trailing supports coming near 5447-5453 range. Any close below 5447 warns the medium term trend to turn downwards. Also still put writers are active near 5400 zone. Possibilities are there that 5450 will hold on EOD basis for the continuing uptrend.
As of now nifty is still in buy mode on EOD charts. As per SDA2 trend trading nifty will yield a sell signal on EOD charts if closes below 5692 on EOD basis. i.e EOD supports are currently at the zone of 5692 any close below that could warn the EOD trend to completely turn down on medium term basis.