CMP: 5220
EOD CANDLES:
As expected 5161-5171 zone SUPPORTED the fall & buying @ lower levels took Nifty up to close @ 5220 which is an important WEEKLY & DAILY LEVEL
Tomorrow is Friday, week closing:
5303 / 5360 will now offer RESISTANCE on WEEKLY CLOSING
Supports : 5161-5220
Resistances : 5281 / 5303 / 5360
Coming to system trading....
SMO SAR VERDICT:
1. Price << 5DLEMA (5240) , carry shorts. Exit only if 5DEMA changes Direction (ruffly price needs to close EOD @ 5335)
My PE trade was closed on Tuesday (with avg gain of 130 pts), but ideally the Short Trade from 5429 is still ON !
Keep reminding urself everyday:
For the System Trader: Be Disciplined & Follow the Trend, its the only True Friend....
EOD CANDLES:
As expected 5161-5171 zone SUPPORTED the fall & buying @ lower levels took Nifty up to close @ 5220 which is an important WEEKLY & DAILY LEVEL
Tomorrow is Friday, week closing:
5303 / 5360 will now offer RESISTANCE on WEEKLY CLOSING
Supports : 5161-5220
Resistances : 5281 / 5303 / 5360
Coming to system trading....
SMO SAR VERDICT:
1. Price << 5DLEMA (5240) , carry shorts. Exit only if 5DEMA changes Direction (ruffly price needs to close EOD @ 5335)
My PE trade was closed on Tuesday (with avg gain of 130 pts), but ideally the Short Trade from 5429 is still ON !
Keep reminding urself everyday:
For the System Trader: Be Disciplined & Follow the Trend, its the only True Friend....
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