Day Trad­ing Guide

The Economic Times - - Smart -

No sign of ex­haus­tion yet though the RSI’s prox­im­ity to the over­bought zone. Nifty con­tin­ues to head higher to­wards 7900(200 DMA) which also co­in­cides with the up­per end of the weekly chan­nel. A breach only be­low 7580 would mark the ter­mi­na­tion of the ex­ist­ing pos­i­tive mo­men­tum & hence serves as a trail stop for short term longs.

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