NIFTY - MYSTERY MOVING AVERAGES

Feb 25, 2022

Nifty, while there is lots of noise, there is calm if only one wants to remove the noise and focus on the trend. Attached graph is simple 7 DMA and 200 DMA. Every time the 7 DMA crosses above the 200 DMA we have uptrend and down trend leave some failures which can be solved having filtering bands. The question is are we down to the target area. We still have not broken the 200 DMA by the 7 DMA just 80 points left. But commonsense demands going by the last 7 days of move this will be broken. Some thoughts and purpose on how to infer market from the moving average. 7 day is roughly 1 1/2 week and 200 DMA is an year. Cause for Comfort or Plain commonsense