Ideal Strategy : No Positions until nifty either Breaks and closes above
either of the 5 EMA(High-Low) Band
Enter Shorts : only if nifty breaks below 5022 on EOD Basis( 5EMA) and
Confirmed shorts below 4946 on EOD Basis(5 EMA-Low)
Enter Longs : Only if Nifty breaks above 5071 on EOD basis(5 EMA-High)
Related Readings and Observations
Analysis : High Probability Long in Nifty Futures? Nifty Daily charts shows that very recently 10 day auto correlation turned positive and the smooth RSI oscillator indicates trend strength is accelerating. And hourly charts also turned to […]
Nifty September Expiry – Short Term Trend Overview – Part 2 Nifty Expiry range continues to be in a tighter range for this series between 9766 - 10126. Put writers continue to be active at 9700, 9800, 9900 series and the overall crowd options […]
Trend Move on Nifty Setting Up, Which Way? Last few weeks nifty just grinding gives sudden jerk moves where many traders cannot claim full profits neither small loss. So are we nearing an end to this chop move ? Yes says market […]
Nifty and Bank Nifty hourly Positional Trend Update Nifty and Bank Nifty hourly charts are shown. currently both nifty and bank nifty is in prolonged buy mode and currently the positional trailing supports comes around 5954 and 12289 […]
Twiggs Money Flow Update for Nifty and Bank Nifty Nifty and Bank Nifty Daily Charts with Twiggs money flow indicator (Smoothed version) indcates that a possible turn around from the bottom and shorter term bullishness could continue […]
Nifty Futures 500 Tick and Profile Charts for 9th Apr 2013 Nifty futures is in strong sell mode since 3rd April and currently the resistance zone is coming near 5585.3. Reverse your position to positional buy only if the resistance zone breaks on […]
rajendran sr can we get the afl for this 5 ema high low