rk10

Nifty Smallcap - Key Support

NSE:CNXSMALLCAP   NIFTY SMLCAP 100
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5
Thru the entire move the Nifty Smallcap index has always respected and bounced off the 50EMA. Now again its come and touched the 50EMA.
Tomm will be critical to see if it can again bounce off this key support level .
Plenty of SL's triggered today but plenty of opportunities too..

Don't rush in but wait for the right opportunities to present itself and watch for this key support level .
Keep your buying list in place and when the time is right..buy those stocks.

Comments

today it crossed ma 50
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rk10 ajaykrish
@ajaykrish, Closed above it again..So far its holding well..
WHen it breaks next time it could be painful.
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