Nifty Swing Trade:
As per two day swing trade currently it is in sell mode and the trend will reverse on move above the 3500 level (future).The points being discussed in the swing trade are that of the future.
Current trend – sell ( generated at 3355)
Reversal Value - 3500.
Bank Nifty
Current Price - 4808(future)
Current Trend – sell
Reversal Value - 4964
Nifty is unable to sustain above the 200 day moving average giving an indication that, indices might move down before making any attempt to conquer 200 Day EMA.
As per pivot chart the following is the indication
Nifty current trend – down
Reversal only on close above 3385
Bank Nifty – down
Reversal only on close above 5037
As per two day swing trade currently it is in sell mode and the trend will reverse on move above the 3500 level (future).The points being discussed in the swing trade are that of the future.
Current trend – sell ( generated at 3355)
Reversal Value - 3500.
Bank Nifty
Current Price - 4808(future)
Current Trend – sell
Reversal Value - 4964
Nifty is unable to sustain above the 200 day moving average giving an indication that, indices might move down before making any attempt to conquer 200 Day EMA.
As per pivot chart the following is the indication
Nifty current trend – down
Reversal only on close above 3385
Bank Nifty – down
Reversal only on close above 5037
M.Sri Mahidar
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