TukkaNomist

EMA tells the story

Short
NSE:NIFTY   Nifty 50 Index
Nifty50 has started making lower high lower low structure (LHLL) on 10 DEMA . At the same time , 10 DEMA has crossed below 20 DEMA . On1st June June 2020, 10 and 20 DEMA had started making HHHL structure which was the confirmation of bullish trend . 10 and 20 DEMA are diverging as 10 made LHLL but 20 is still in bullish mode making new high.
Short term view is bearish till the time Nifty doesn't move abv 15430 or 10 DEMA starts making higher high, whichever comes earlier.

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