Gauhar,
My 2 cents .....,
Look at both the graphs below, at around 13.30 there was a sell Signal on the Nifty Chart ...( The Vertical Red line ...)..
Moreover Once Nifty was around 5709 there was probably no point to think of longs.
Now WHY dont you ask me WHY i am considering ONLY the 6th SELL signal and not the previous 5 Sell signals (Red) ???
My friend when we look at the DMI at 13.30 the DM- (Red line) has become so strong that there is a cross over above DM+(Green Line) and ADX line ( Blue) , and ADX has gained momentum , ............this My friend is a very very Strong Signal that Market is Falling !!!.
Hope The above helps ...
By the way did you know which category the above analysis falls into ... Its Called "Tukka Analysis......
"...,
Best Wishes ,
Nithin.
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