[sharetrading] NIFTY

 

Market still remains in trending up direction. Presently if 5060 holds, one should be long only.
EU made big recovery towards close. US seems to be also in positive. Considering this market is likely to open real higher on Monday.

Please do not carry forward naked short above 13EMA unless it is covered at any time. Presently 13 EMA at 5066. Or some big divergences are seen.

None of the indicators are signalling a sell yet.

Be cautious.

I am fully exited as I will not be in market for full of next week.

Abe

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