August 16, 2011

NIFTY Daily Analysis

  • We shall see how price behaves near 5 day high EMA when it gets there. 
  • 5 day high EMA has moved below the gap. So if price manages to close above it then GAP may get tested and faded.
  • short trades will be safe below 5 day high ema.
  • Longs can be taken only on closing above 5 day high ema. But positional longs is not showing  good risk reward ratio at the moment.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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