CMP: 5318
Unable to access CHART NECXUS data today.. so I shall stick to this screen-shot from goo-fin
Nifty is MOST TANTALIZINGLY placed & Ripe for High proabability LONG TRADE ...
5 DEMA = 5267
10 DEMA = 5268 !!
If we get 5-10DEMA x-over tomorrow, it will trigger the BUY for SWING TRADE as per SMO SAR
Nifty will give a Break-out if it can close EOD above 5330-5335
Keep in mind resistance cluster @ 5360-5380....
cheers
Unable to access CHART NECXUS data today.. so I shall stick to this screen-shot from goo-fin
Nifty is MOST TANTALIZINGLY placed & Ripe for High proabability LONG TRADE ...
5 DEMA = 5267
10 DEMA = 5268 !!
If we get 5-10DEMA x-over tomorrow, it will trigger the BUY for SWING TRADE as per SMO SAR
Nifty will give a Break-out if it can close EOD above 5330-5335
Keep in mind resistance cluster @ 5360-5380....
cheers
bhaiji.. as per 34 EMA on 30 min and daily chart.. we got the buy signal once we closed above 5280 on Friday.
ReplyDeleteAs per traendlines we do have resistances at 5360-5380 etc.
Is my readin right?
Cheers
yessur ...sachin buddy 34EMA triggered longs @ 5233 as per my reading on Friday @ 9:30am.
ReplyDeleteIt has already delivered 100 pts!!
If we close > 5330 tomo , this INTRA SYSTEM will get VALIDATED ON HIGHER DEGREE & one can play with confidence for a LONG TRADE provided 5360-5380 is taken out !!
SUMMARY : For Swing trades ... watch out for the 5-10DEMA BULL X-over cheers on
sorry i was talking about the 1 day 34 EMA.. not the 30 min chart..
ReplyDeletebut i guess market today could not cross the resistance line @5370 odd.. is there a holiday tomorrow or some time during the week?
hols on Thursday & Friday sachin
ReplyDelete