5 EMA : 2809
20 EMA : 2819
Wait for 20 EMA/5 EMA crossover to take longs. i.e wait for 5 EMA>20 EMA
Till then remain with your shorts.
Till then remain with your shorts.
5 EMA/20 EMA crossover would happen if nifty closes above 2848-50
So monday any gapup opening then sustainability matters because Volatility index VIX raised above 50 which is quite dangerous for Bulls sustainablility.
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Anonymous says
February 7, 2009 at 6:38 amdear raj,now that v hav closed above the 5day ema and 20 day ema,how far can this upmove take us. regds rashmi
Rajandran says
February 7, 2009 at 7:55 amRASHMI But still there is no 5 EMA/20 EMA crossover…. Let wait for the crossover to take longs. Till then be with shorts
Anonymous says
February 7, 2009 at 8:29 amthanx but raj it has closed at 2843.how do u interpret it,the levels i mean. rashmi
Rajandran says
February 8, 2009 at 4:57 amW.r.t my previous post5 EMA/20 EMA crossover would happen if nifty closes above 2848-50So monday any gapup opening then sustainability matters.