SGX Nifty - Rebounding from 50MA cluster

GIFT NIFTY 50 INDEX FUTURESNSEIX

Description

⋅ Jul 21, 2021 4:35 PM

SGX Nifty seems to be rebounding from the 50 moving average cluster on the daily time frame. As you may already know that 50MA/EMA plays an important role on the daily time frame. Another factor is that RSI is also curving upwards from 45 level, which is particularly a good sign.

With SPX(US index) recovering over 2.5% since yesterday, and SGX getting support from the 50 MA cluster, the likelihood of Nifty recovering is pretty good at the moment. But SPX must close somewhere near today's high to trigger the recovery of Nifty.

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Comment

⋅ Jul 22, 2021 2:27 AM

Update 22 July:

Comments

Sush1980

⋅ Jul 21, 2021 5:41 PM

Holding Nifty futures 100@15670.. should I exit around 15750 or hold. If you can guide. Thanks

johntradingwick

⋅ Jul 22, 2021 2:13 AM

@Sush1980, Just keep holding. Most likely we are going to see a bounce.

Sush1980

⋅ Jul 22, 2021 2:31 AM

@johntradingwick, Thanks

shroff.vicky

⋅ Aug 3, 2021 11:48 AM

Hi John, I am not able to activate CPar v 21 shared on telegram, I am staying at Mumbai, is it possible you can assist on any desk or share your number or call me

Sush1980

⋅ Jul 21, 2021 5:41 PM

Also joined your telegraph channel. Great content

johntradingwick

⋅ Jul 22, 2021 2:13 AM

@Sush1980, Thank you.

Sush1980

⋅ Jul 21, 2021 5:38 PM

Thanks after so many years found a gem of person. Great work sir.

johntradingwick

⋅ Jul 22, 2021 2:13 AM

@Sush1980, Thank you for the appreciation, means a lot to me.

prasad2837

⋅ Jul 21, 2021 4:42 PM

Thank you so much sir for your valuable ideas. - Prasad from Hyderabad

johntradingwick

⋅ Jul 21, 2021 4:44 PM

@prasad2837, I am glad you like my work. Thank you.