Nifty for the past few days was hovering in a narrow band with 10676 on the lower side and 10847 on the upper side.
As per my strategy ,I normally take long position when 8 ema crossover 50 ema in 15 minutes chart as well as in hourly or 30 minutes charts.However Bollinger bands also in 15 MTs and hourly or 30 MTs should confirm this. And exit will be done when hourly charts drop below 50 ema.
The above strategy gave long signal on 1st July 11 :15 @ 10336 levels and till now doesn't gave exit signal
As of now the exit level is placed at 10680
As per my strategy ,I normally take long position when 8 ema crossover 50 ema in 15 minutes chart as well as in hourly or 30 minutes charts.However Bollinger bands also in 15 MTs and hourly or 30 MTs should confirm this. And exit will be done when hourly charts drop below 50 ema.
The above strategy gave long signal on 1st July 11 :15 @ 10336 levels and till now doesn't gave exit signal
As of now the exit level is placed at 10680
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