Today is a Friday, and traders need money to party in the evening, so it will remain dull and dry. The Asian markets are not showing any signs of upswing, SGX is dull, so we can expect the Market to range between the 9 EMA and 20 EMA, and if the market moves above the 9 EMA sharpply up and prices rise above 11965, only then can we expect the prices to cut and move the 12000 levels.
Buy calls
If on the hourly charts, the 9 EMA crosses the 20 EMA and the prices move up from 11350 levels.
Sell
If prices fall below 11900, go ahead for a sell
Daily charts are showing that the market may slip down a bit however if any price above 11935 may indicate a reversal
Finvestor Social Media
Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.
Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.
Bhoi Smrutirekha Dharanidhar