In Comming Weeks, Nifty Weekly Charts may show you Red Candles if 2800 is not surpassed on the upside
As per 5 EMA Strategy Still Nifty Weekly Charts Shows a Sell Signal with Positive Breakout only above 2800. And Anything Below is a sell.
For this Week we ended with Indecesive Candle So Clearly monday we would have some direction with weekly resistance at 2800 where exctly 5 EMA Resistance comes.
And As per Daily Chart Anything above 2720 is a Buy… and anything below 2700 is a sell….. CMP : 2714 … I donno which side the dead cat is going to fall coz market ends with such a indecisiveness
Related Readings and Observations
Bullish Put Writers bets on 5200
Finally High OI on 5200 PE(call writing) so bull operators hope lies on 5200.
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