NIFTY HOURLY TREND LINE TRADE

NIFTY HOUR

• NIFTY IS CLOSE TO AN IMPORTANT TREND LINE IN THE HOURLY CHART
• ONE CAN MOVE A GOOD MOVE ON EITHER SIDE. IF IT BREAKS A GOOD SHORT TRADE IS AVAILABLE.
• ON THE CONTRARY A MOVE ABOVE DAY'S HIGH  ONE CAN INITIATE A LONG TRADE WITH DAY'S LOW AS STOP LOSS.
• ONE CAN ALSO USE THE 20 HOUR SMA FOR FINE TUNING

THANK YOU