Will nifty commence trading above 6200?

#1
Hello members,

9 Days exponential m.a.and 19 days exponential m.a.shows downtrend in nifty. Looking at MACD, confirmation of downtrend in nifty is obtained. However, MACD is still in positive territory. Money flow index also shows strength.
Hence, unless and until nifty breaks 6050, traders should hold their long positions in nifty.
thanks.
 

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