Description
⋅ Nifty
CMP 10345
Cross-over observed around 10351
Target 10280 / 10160 initially
Stop loss if goes closing 10380
Safe trading...!!!
Comment
⋅ 1st target of 10280 achieved...
Comment
⋅ looking at daily charts and one can understand the Importance of 10280
20 day EMA is at 10279
Close below 20 day EMA will signify further weakness and open further downside to 50 day EMA
Take it step by step Comment
⋅ Nifty last traded price 10305
On expected lines for the last 2 hours Nifty has given its due respect to 20 hr EMA
However now on a 15 min chart it is at 20EMA
Resistance zone...Might again come down
Consider selling again with 10320 as SL
Best luck Trade closed: target reached
⋅ Nifty
CMP 10193
We are close to our target of 10160.
Consider booking profits as per risk appetite...!!!
Happy trading...!!!
Comment
⋅ Nifty makes a low of 10150 so far... target of 10160 completed...
Nifty 50 day EMA is at 10144... Do not rush to trade... Allow markets some time to give the next trading idea
Happy & safe trading...!!!