******Trading system for NIFTY DAILY. (2917)
~BIAS – turned negative. (3d HMA- 3039, 3d LMA-2962)
~MOMENTUM – turned negative. (3d SMA- 2975, 8d SMA-3005)
~TREND – positive. (8d SMA-3005, 34d SMA-2855)
~Weekly close at 3077.
Ø STRATEGY-
*Positional—short
*stop loss – 3d SMA (50%)-2975 & 3d HMA (50%)-3039.
Ø *SUPPORTS- 2855.
*RESISTANCE-2975,3006,3039,3077.
(our trading system generated long call when nifty was at 2784 and it generated exit call when nifty closed at 2968……..gain of 184 points).
