Friday, 25 May 2018

Nifty Future 25052018


Yesterday, Nifty reversed from its recent lows and closed higher, at the highest point of the day, indicating reversal.  Today, an opening above PDH and staying above PDH confirmed this reversal. Most often after such a reversal day, a type 1 trend day follows and this is what exactly happened today.  A nice up trending day.  There were couple of entry points to ride the trend as marked per our system of trading.

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