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Viwoke
Mar 16, 2021 3:11 AM

Beware of fake BB blast Long

GIFT NIFTY 50 INDEX FUTURESNSEIX

Description

Daily (SGX NIFTY) Bollinger Band is rooted at its median. So not expecting any big trends.

Since shorter time frames on sgx nifty show a brief upward movement might feint a Bollinger Band Blast/Breakout by the time Indian markets open.

Yesterday's Oi as well post indian market movement on sgx nifty futures show a decent support around 14850.

Hence expecting sideways market overall. Though intraday as always would still experience its usual highs and lows.

Trade closed manually

100 and lower period moving averages might show a bullish signal but the strength is starting to wane down.

Have a tight trailing Stop loss.
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