Nifty has an immediate support zone at 11500 -11490, followed by 11469 and 11423 levels.
Please remember to protect your leveraged long positions with a stop loss at 11423.
Bulls can feel comfortable only if 11548 and 11570 are breached on the upside, the zone between 11490 - 11570 is a no trade zone, keep patience.
Other short-term indicators are not showing any decisive pattern either, trade with caution.
We have seen a strong rally from sub 10700 levels to 11695, it may take some time consolidating here or drifting down to 10300 levels before moving up.
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saw a breach of 11490 and sharp fall upto 11420 levels, just as mentioned by you. what does the near term future hold after today's sharp recovery from sub 11400 levels. pls share.
krihar
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Thank you
prasadrc80
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How do i add this indicator in zerodh RSI (21, CLOSE) & EMA(14,RSI)
progressiveae3
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@prasadrc80, i don't use zerodh, tradingview offers EMAs on RSI even from non subscribers. you may even try ema divergence on RSI, that makes it give lesser but more precise signals.
Sujoy_Ganguly
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thank you for the informative n practical post sir. keep sharing such posts.