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.
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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 […]
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