ipuneet
Short

Nifty - This reliable indicator may confirm med term weakness.

NSE:NIFTY   Nifty 50 Index
9&34 EMAs on Index and 14 RSI system generate a reliable trend reversal signal.

My followers on this form, tele gram and twitter would know, BankNifty is already in -VE zone as per this system.

A small downward moment in Nifty will make this system confirm medium term weakness for Nifty as well, you may in the chart the gap between 9 and 34 EMAs on Index is 2.31 only, on RSI 9 EMA is already running below 34 EMA .

Trade with caution, sell on rallies till this or other indicator confirm reversal.

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