on the hourly chart nifty showed a break above 20 ma and a close above it.
1. this indicates the profit booking by the bears.
2. market may consolidate between the low to 17331 levels. unless a strong break or strong rejection from the moving average is noticed further down move is awaited.
1. this indicates the profit booking by the bears.
2. market may consolidate between the low to 17331 levels. unless a strong break or strong rejection from the moving average is noticed further down move is awaited.
Trade active:
book profit
Trade closed: target reached:
EXIT