NSE:NIFTY   Nifty 50 Index
Nifty            
Cmp 10451


Observations

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

Here is an updated chart

snapshot


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...!!!
Reply
indiamarketoutlook indiamarketoutlook
@indiamarketoutlook, So far Nifty has respected and taken support exactly at 50 hr EMA
Reply
apborsadiya indiamarketoutlook
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out