Though there is a final hour surge in nifty after expiry, ButStill the hourly strategy of both the NMA and Ichimoku remains with the sell signal with resistance coming near the 6030-6040(Approx) zone.
Nifty hourly trading shows the continuation of the buy mode with hourly supports near 5456. Also the rising trin charts shows that recently there are more declining stocks than the advancing stocks in terms of volumes which indicates the possibilities of bearishness in shorter term. Any failure to hold 5456 could target nifty towards the next available gann support zones 5370 and 5180
For those who are new to the blog, here is the link to EMA(13,34,55), RSI(2), CCI(4) and more strategies that we speak and follow all over the blog here. EMA(13,34,55) Strategy Explained 5-10-20 Short only strategy RSI(2) Strategy for Nifty CCI-4 Strategy 5 EMA Trading System Nifty TRIN for Positional Longs and Shorts How to […]