Nifty: Is 200 day EMA test on the cards
Nifty
- we have seen 20 day EMA crossing below 50 day EMA
- every attempts to pullback above 50 day EMA went futile
- 200 day EMA currently around 16284
- Last it tested 200 day EMA on 25 September 2020
The way things are set, Nifty has a good probability to test 200 day EMA
Stay cautious and trade light.
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- we have seen 20 day EMA crossing below 50 day EMA
- every attempts to pullback above 50 day EMA went futile
- 200 day EMA currently around 16284
- Last it tested 200 day EMA on 25 September 2020
The way things are set, Nifty has a good probability to test 200 day EMA
Stay cautious and trade light.
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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