HOUR CHART
- Nifty Futures getting resisted exactly at 50 hour moving average
- This level should be taken out for bulls to take control and 6022 for confirming the trend change
WEEKLY CHART
- Nifty Spot weekly chart gave a trend line trade yesterday.
- Those who followed weekly trend lines would have got a nice entry. I missed it.
- Now last two times price gave a hit on this trend line and started running up a similar price action can give lot of profits for those who are holding longs. But if price starts to test it agian we may see it getting broken.
- We may see real strength coming back to weekly chart only if nifty spot crosses 6020 levels.
Hi San...was that ema or sma of 50 hour ? both of these with me is quite high above 6000...am not able replicate it ? plz clarify.
ReplyDeleteNo san...am not able to replicate 50 hour sma....i have that at 6007-9 at that time...puzzling ! plz clarify.
ReplyDelete