High probability bottom signal in Nifty Future on the EOD charts. Autocorrelation maintains negative which indicates a possible mean reversion mode in Nifty futures and the oversold smooth oscillator indicates the oversold level. 8498.1 is the previous low on 10th Feb 2015. And also noticeably there is a gap below 8427 which remains open since 15th Jan 2015.
Low risk players can go for bullish option strategies(Diagonal Bull Call Spread, Vertical Bull Spread,Covered Call (OTM)) in nifty options instead of naked longs.
Strategy Update 29th March 2015 : Long Holds #NiftyFutures #LongandExit