Hourly swing trade on the NIFTY gets smooth exit with a 35 points gain. NIFTY ticks down, while the value zone moves up to5226-5257. Trend long position locks 190 points gain. While bullish trend continues, there are possibilities of long trades on swing system if NIFTY pulls up to break previous high after moving into the value zone. Long trades at the moment are not safe as there is good bearish divergence on the MACD. Still is there is a trade we need to get in as we are to follow our system.
In case the market drifts lower & closes below value zone, the trend will reverse and give short trade signals. Unbiased, let's be ready to take the signal that presents itself.
Tight range moves give minimum profits & that is what we have got from the swing position now.
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