Nifty trend

[Capricorn]

Do you deal in that market also?

No , but open to offers...:rofl:

 

[Capricorn]

Slight hiccup at 5540-70, then 5630.

After 5540 , 5520 becomes support.

Trade well.

 

[Vector]

Looks like we'll do 5630 today....:lol:

Next tgt. pls.

 

[josh1]

The 200 Days Moving Average is at 5580. This is second attempt at it. It can give good resistance.

 

[Capricorn]

If 5630 gets taken out and sustains, expect huge Short covering.

 

[MaxX]

The next major target/resistance zone that I see is the 200 DMA around 5690

 

[Capricorn]

@ josh and Maxx,

One says 5690 and the other 5580. So where is it , the 200 dma ??

I dont follow MA's.

 

[josh1]

@ josh and Maxx,

One says 5690 and the other 5580. So where is it , the 200 dma ??

I dont follow MA's.

Confusing? 200 Days Exponential Moving average is at 5580 and Simple Moving average is near 5690.

I shifted to EMA since Nifty took support on it near 5630 on 20th January. It also resisted the rally on 4th March. Look at the Violet line in the middle of the chart.

Since you are able to profit without it, you need not look at it. Simpler the better. :lol:

 

[MaxX]

@josh, SMA, EMA and DMA are all calculated differently, the 200 DMA is at 5690..

 

[josh1]

@josh, SMA, EMA and DMA are all calculated differently, the 200 DMA is at 5690..

Okay! I stand corrected for that.