*******Technicals
Much awaited correction came today.
Long upper shadow with engulfing bear candle formed today which is bearish.
******Trading system for NIFTY
Ø 3d LMA- 2947, 3dHMA- 3152.
3d SMA- 3060, 8dSMA-2819, 34d SMA-3474.
Ø ~BIAS – neutral, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—Buy in every dip or hold longs as momentum is positive with stop loss of 3d LMA which is at 2947.
Ø STOPLOSS-
*for shorts--- 3152.
*for longs---2947.
Much awaited correction came today.
Long upper shadow with engulfing bear candle formed today which is bearish.
******Trading system for NIFTY
Ø 3d LMA- 2947, 3dHMA- 3152.
3d SMA- 3060, 8dSMA-2819, 34d SMA-3474.
Ø ~BIAS – neutral, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—Buy in every dip or hold longs as momentum is positive with stop loss of 3d LMA which is at 2947.
Ø STOPLOSS-
*for shorts--- 3152.
*for longs---2947.
