*Staying above 10417,(WHEma), prices would head to 10530-35 & more*
Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10448 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10417 level. Month :- Technically month trend is "Up", with price staying above MEma 10398 level. When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10240-35 levels till than hold their long positions.Traders should re-buy around 10415-20 level.