Nifty analysis
Time frame :15 minutes
Analysis :Moving average 40 is outside of the trend line .So, if the red candle closes below the moving average 40, then we can place a SELL call below that closing red candle. For example, if the candle closes at 17684, then we can place a SELL call at 17680 with STOPloss 17788 and we can expect a target up to 17440 with RISK:REWARD 2.68
One more condition we need to check is the value of the MACD has to cross below zero
Time frame :15 minutes
Analysis :Moving average 40 is outside of the trend line .So, if the red candle closes below the moving average 40, then we can place a SELL call below that closing red candle. For example, if the candle closes at 17684, then we can place a SELL call at 17680 with STOPloss 17788 and we can expect a target up to 17440 with RISK:REWARD 2.68
One more condition we need to check is the value of the MACD has to cross below zero