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Monday, 5 May 2014

Nifty daily time frame trend analysis


Two Important pivots on daily time frame have given an important trend line.
These two pivots on daily time frame are fractal pivots on 30 min and 60 min time frame.
Nifty may change its trend from up trend to down trend if a pivot on 30/60 min time frame  forms below the trend line marked in chart above and price goes below the low of that pivot.If that happend then it would be a great opportunity go short on nifty.

Trade well
Cheers

Harsh Vardhan Gupta

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