Hope you Enjoyed the Nifty Long call @3410 and Reliance Long Call Initiated at 1762 Today.
I will tell you one trade set up which will help you all In predicting the Nifty Movement in near term.
Take Long in Nifty when 13 Ema > 30 EMA > 55 EMA
After Yesterday Fall Nifty 13 EMA was at 3351and low was 3352 So actually we should have taken Long.IF you see on Right Hand side I have Nifty TRIN Column where i daily update the EMA’s Value
After Today’s Close 13 EMA stands at 3369 So if Nifty See another Fall we should have close watch at 3369 Levels.
Now at present we have Resistance at 3520 which is high we were unable to cross So Eagle eyes needs to be kept on this level before initiating any trade.
Hope this article will be useful to you.