******Trading system update for NIFTY. (2922)******
~BIAS –neutral.(3d HMA- 2954, 3d LMA-2853)
~MOMENTUM – negative. (3d SMA- 2899, 8d SMA-2975)
~TREND – positive. (8d SMA-2975, 34d SMA-2845)
~Weekly close at 2857.
Ø STRATEGY-
*Positional—short (50% only as closed above 3d SMA)
*stop loss – 3d HMA (50%)-2953.
Ø *SUPPORTS- 2899,2857,2853,2845.
*RESISTANCE-2953,2975.
(our trading system generated short call when nifty closed at 2917).
If bias turns positive tomorrow (if closes above 3d HMA) then cut all your shorts and create longs.
