Nifty is in buy mode on EOD charts since May 27 as per SDA2 trend trading strategy with trailing supports lowered from 5447(as posted earlier ) to 5425. Still Put writers
are active in 5400PE as there is higher open interest built up in current option series. Traders can remain in long positions as long as nifty holds 5425 on EOD basis. Position should be reversed to shorts if nifty closes below 5425 on EOD basis which could trigger sell signal on the EOD charts.
Related Readings and Observations
Nifty EOD SDA2 trend trading charts Nifty turned to buy signal on last friday on the EOD charts as per SDA2 trend trading system. Which indicates that the medium term nifty is likely in the buy mode and chances of […]
Nifty EOD SDA2 Trend Trading charts Nifty EOD SDA2 Trend trading charts are shown. Daily charts are in buy mode with trailing supports coming near 5447-5453 range. Any close below 5447 warns the medium term trend to turn […]
SDA2 Trend trading EOD Chart for Nifty As of now nifty is still in buy mode on EOD charts. As per SDA2 trend trading nifty will yield a sell signal on EOD charts if closes below 5692 on EOD basis. i.e EOD supports are currently […]
Will Nifty Close above 5850 for January Options Series? Nifty on the EOD charts with supertrend indicator is in buy mode since the start of december month and currently the support zone is coming close to 5860
Nifty Supertrend Composite Update Nifty on the Daily charts has been turned to sell mode on the supertrend charts this monday ( 23rd July 2012 ). And the Supertrend Composite indicator too turned negative i.e to sell mode […]
Nifty Technical Analysis Dec 1st 2011 Nifty opened negative in the morning and continued to play in the range of 4750 to 4850 since 3 sessions. Good for option-writers who started to eat premium as they are high in the […]
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