NSE:NIFTY   Nifty 50 Index
Cmp 10451


- 20 hr EMA is currently above 50 hr EMA

- 50 hr EMA has acted as the make or break level for confirmation of trend continuation or trend reversal

- Nifty is trading in blue channel since September 2017 & is currently at lower end of the channel

- however what looks more important here is to see if or not there is a cross over of 20 hr EMA below 50 day EMA happening

- this is a passive & not a pro-active indicator but as can be seen from the charts, previous 2 crossovers have given 4.5% - 6% movements after confirmation

Keep a close watch & look for Chart confirmation...

Take care & safe trading...!!!

Crossover happen
@apborsadiya, Nope still a long way to go for cross over to happen

Here is an updated chart

20 hr EMA is at 10437 and
50 hr EMA is at 10400

Going forward if blue line is not breached on the upper side then probability of breaking 50 hr EMA becomes higher

Take care & safe trading...!!!
indiamarketoutlook indiamarketoutlook
@indiamarketoutlook, So far Nifty has respected and taken support exactly at 50 hr EMA
apborsadiya indiamarketoutlook
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