Nifty daily swing trade

Nifty Swing Trade:

As per two day swing trade currently it is in buy mode and the trend will reverse on move below the 3325 level (future). As per swing trade it appears that nifty is on its way up as there is tremendous buying coming whenever it falls. If NF goes below 3325 it has chances of moving towards 3158 and there after 2951 The points being discussed in the swing trade are that of the future.
Current trend – buy ( generated at 3140)
Reversal Value - 3325.

Bank Nifty
Current Price - 5053(future)
Current Trend – buy
Reversal Value - 4630

Any move below 4817 will give an indication of a bears coming into the market and only on close below 4630 will confirm the same

Nifty is sustaining above the 100 day EMA for more than one week, and also it has gone above the November high of 3240 giving an indication that intermediate trend might have turned up. Currently nifty finds support at 100 day EMA any breach of the same will result in healthy fall in nifty.

Technically as per Envilop nifty has for the first time during the rise has moved above the envilop and is 500 points above the upper line indicating the more bullishness has come to the market and it might correct any point of time. During the last two years during the bull run it did not go out of the envilop and during the fall of last one year it wen twice and then market reversed to enter into the market. Thus implying the this is a peculier situation and we migh sooner than later see a healthy correction which has chances of taking nifty into the envilop which is placed a 3100 so be prepared for it.

M.Sri Mahidar