Nifty hourly movement is very tricky in progressing a down-trendy wave more in a sideways fashion.
Current hourly downtrend will terminate above 5276 on EOD basis. Reverse your shorts only above 5280.
Only a breakout above 5280 will test a newer high in upcoming sessions
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Nifty Daily Charts
On daily charts Nifty is oscillating between the 5 EMA-High(5231) and 5 EMA(5289) low for the past 8 trading sessions creating a sideways movment in nifty. As per 5 EMA(high-low) strategy Strength will prevail only above 5289
Dear Rajendran
My first post . Nice to see daily post on NFT HRLY chart . It is very helpfull . Please keep posting them whenever you get time.
Is there any site where one can get free charting of nifty with Ichimoku cloud resistance..?
Many thanks.
Ravindra.
Sir,
Can you please give me the email ID of “Abhay”‘s (value trading). It’s showing “Blocked”.
I am not able to view his blog post. Please send me to the email address which i have mentioned here.
thanks in advance
regards
@Sujatha Ravi,
Iam not having Abhay’s mail id