Nifty is still trading in a 10500 – 10640 consolidation range where quick flip strategy turned to sell mode around 10587 and it continues to be in the sell mode with immediate resistance coming around 10510 – 10523 band in a very short term. Momentum selling stays as long as price stays below 10510-10523 band stays. The Next destination target is to look 10350 levels.
Here is the simple,popular and classical positional EMA strategy that works good in a very good volatile market. In this strategy we use 70/1030 EMA crossover to take buy or sell decisions.