Ideal trade for Nifty is to Exit and Avoid long if nifty remains below 5270. Go long only if nifty opens above 5270. Nifty EOD Supports 5 EMA Low(5223) and 13 EMA(5192)
Related Readings and Observations
Earning Profits with the Use of Non Directional Trading Strategies -1 “There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type […]
Nifty Trend Update
Nifty currently trading just above the Bollinger Band with oversold levels in hourly charts. Also 20 EMA and 5 EMA crossover is also occured. But Still looks the range bound […]
Nifty Hourly Charts Indicating Further Downtrend
CMP : 4335 Nifty Hourly Charts Indicating a strong downtrend Channel. And this time possibly Nifty may test 4156-4200 levels. Iam not too much bearish on […]
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Nifty and Bank Nifty 90 min charts for 23 June 2011 trading As Per Ichimoku Trading system on 90 min charts Nifty is in sell mode Since 3rd June and Bank Nifty maintains the sell mode since June 15th. Currently Nifty and bank nifty nears the […]
"Ilango said… hi..Rajagopal,Put your quiery to Mr.Rajandran of "Market Calls"(In my blog list). He should be able to guide you"Cud u please advise me how to link Elwave & Metastock softwares to NSE live data ? Ilango suggested that I seek your advise.Kindly help me.Regards,S Rajagopal