As expected nifty spot after giving a buy signal yesterday@ 9964 Today made a high of 10272 and closed above weekly 200 EDMA .Which is the sign of strength. The immediate hurdles is 10330 levels and the next is 10540 levels. Above that the major levels are 10750 - 10827.A strong two day close above 10330 can lift index upto 10540.A weekly close above 10500 can lift index to 10750-10827.That is the zone to end this rally.This is what I feel.
However if prices in hourly chart falls below 50 edma one should exist the long .Weak hearts should exit long positions if prices in 15 mts charts drop below 50 edma
However if prices in hourly chart falls below 50 edma one should exist the long .Weak hearts should exit long positions if prices in 15 mts charts drop below 50 edma
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