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 - 4885(future)
Current Trend – buy
Reversal Value - 4684
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
Yesterday nifty has moved above 200 Day EMA and today immediately it fell below it so now it becomes a formidable resistance now and as it has moved below the same we have chances of nifty moving towards 100 day EMA which is place at around 3100.
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 - 4885(future)
Current Trend – buy
Reversal Value - 4684
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
Yesterday nifty has moved above 200 Day EMA and today immediately it fell below it so now it becomes a formidable resistance now and as it has moved below the same we have chances of nifty moving towards 100 day EMA which is place at around 3100.
M.Sri Mahidar
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