Hi Members,
Expiry of Oct series is on 29-10-2015.Since last one month Nifty is closing below 8000. Obviously trend is down. ADX is strengthening it. MACD is in negative territory. EMAs are also showing similar trend. I think if nifty crosses 8000-8050 zone, buying will emerge into the market and we will see Nifty back above 8500 level in Oct,2015 series.
Happy trading:thanx:
Expiry of Oct series is on 29-10-2015.Since last one month Nifty is closing below 8000. Obviously trend is down. ADX is strengthening it. MACD is in negative territory. EMAs are also showing similar trend. I think if nifty crosses 8000-8050 zone, buying will emerge into the market and we will see Nifty back above 8500 level in Oct,2015 series.
Happy trading:thanx: