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Nifty 10 day SMA of Trin Failed to close above 1 last time. And this time Once again 10 day SMA of trin shows falling levels…. Which indicate a bullish momentum could generate. As Trin is showing Positive Signal…. So Iam supposed to turn Positive for this time…. My Stop loss lies below 3485-3495(Weekly 5 EMA) on closing basis…… And trend will turn positive if nifty closes above 3616(Daily 5 EMA) on Closing basis…. As currently the daily trend is negative with EOD resistance at 3616
Have a close look on
USD Index – As it dips below 200 day and 200 Week Moving Average this week
Shangai Index – As it trades just above 200 Week Moving Average this week
10 day SMA of Trin – As it shows some sharp dips after some consolidation at higher levels.
