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5/13 EMA most basic indicators applied to Nifty weekly charts. And the crossover of 5/13 EMA givesbuy or sell signal.5 EMA – Blue line13 EMA – Red LineIf 5 EMA(shorter time frame) crosses 13 EMA(longer time frame) Buy Signal is producedIf 13 EMA(longer time frame) crosses 5 EMA(shorter time frame) Sell Signal is producedIn Bull Market 5 EMA and 13 EMA will act as support and in bear market 5 and 13 EMAwill act as resistance.For time being Nifty is trading below 5 EMA Weekly(4839) and 13 EMA Weekly(4785). So nifty could face resistance at these levels as per 5/13 EMA principle. The Ideal strategy for investors should be in cash and traders can short nifty until nifty to sustain above these levels
Rajandran,//In Bull Market 5 EMA and 13 EMA will act as resistance and in bear market 5 and 13 EMAwill act as resistance.//i think there is typo error as it should be in bull market 5 and 13 ema will act as support…sri
hi rajgood one.
dear rajandran,thnx a lot fr ur call on aban,i exited around 1600 levels,now its over 1200 so does it qualify fr a buy regds rashmi
@Sri Ganesh.Thanks for the correction its done now
@Rashmi… Its rather good to miss a rallyrather getting strucked at higher levels.Lets wait and watch how the market behave near the 4785-4810-4840 Zone's Lots of resistance need to be broken so that we could think about buying stocks.