Nifty is making quicker moves in an hurry to test 200day MA(3443 levels) with heavily overbought markets.And Right Now 55 Weekly EMA is coming near 3533(Check Previous Post ). These are the two levels for traders and investors to watch where profit booking could be kicked in.
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)
Nifty Nearing 200day MA
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