MACD histogram on the hourly chart goes down below zero. NIFTY bull breaks its back, now next run will the last effort from this tired bull to surge ahead. A trend change is around the corners or at least a rest at the value zone for some bars. Value zone at 1.00 pm today is at 5211-5174, the slow pace with which the market is moving will get exits close to the value zone realizing maximum profits from the open long position. Unless there is some severe adverse news that affects the markets at this juncture, there will smooth exits.
Swing traders get a chance here to enter long, with bulls steamed out the next run might not give good gains, but if the market is trending then it is likely that the reversal would benefit. These are probabilities while we strictly follow our trading system with discipline.
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