Attached herewith the lower level chart NIFTY. As you can see, it has clearly entered into the SHORT mode (Proprietary, lower level signal). Since it is a lower level chart, we need more confirmation for the actual sell signal. At least from the HDS (Proprietary trading System of www.ftalarms.com )
Normally, once the 60 Min chart gives the sell signal HDS follows. Of course, history need not repeat. But there is no harm in trusting the history, unless it proves otherwise.
Hence, I would infer that NIFTY higher level charts will go into the SELL mode in a couple of day time or even earlier.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
