Nifty Short intraday 5 May 2021
Nifty has dipped taking resistance at 14700 level.
5 and 13 EMA Negative croos over
Price did a fake BO of 50 EMA after retracing 50% of the short term negative trend.
if it breaks 14400 then 14250 / 14150 are good supports. ( Head and Shoulder Neck Line breakdown )
View : Short the bounce, if we get it...
Else if it crosses 14700, it will become bullish ( chances seem less though )
Happy Trading.
Note : it is seen that Indices are rangebound and Mid term trend is sideways.
Monthly options has a straddle at 14500 too confirming the sideways mid term view.
High Volatality expected.
5 and 13 EMA Negative croos over
Price did a fake BO of 50 EMA after retracing 50% of the short term negative trend.
if it breaks 14400 then 14250 / 14150 are good supports. ( Head and Shoulder Neck Line breakdown )
View : Short the bounce, if we get it...
Else if it crosses 14700, it will become bullish ( chances seem less though )
Happy Trading.
Note : it is seen that Indices are rangebound and Mid term trend is sideways.
Monthly options has a straddle at 14500 too confirming the sideways mid term view.
High Volatality expected.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.