Wednesday, October 13

Nifty Next Move: Is the Downside Over?

As You can see in 10 Mins Nifty 5 Day Chart we can see positive divergence in Indicators and a resistance at 1030 EMA around 6097 Levels crossing that we may head towards breakdown levels of 6140
Looking at Nifty Daily Charts and applying 5 EMA Strategy
Today we have touche 5 EMA (Low) @6084 moved below that but closed above this level. Technically speaking we should touch 5 EMA@6118 Tomorrow and if we start trading above it we are in for a ride till 5 EMA high …
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