Nifty Positional Trading System
As per Nifty Trading system which can be accessed by clicking on above link Nifty has generated Buy signal after Sell was generated @5998 levels.
5 EMA@ 5482
20 SMA@ 5464
MACD is in Buy mode
RSI above 50 which if hold nifty rallies
The same has been verified in charts,Hence We should intiate Longs with SL of 5460 on closing basis.
Targets should be 5600 and 5639(200 SMA) and above that we need to ride the wave with trailing SL.
Last Time System Generated SELL Call@5998 which went down till 5177