Nifty giving good trade today with the MACD signal when technical averages/conditions are met. Systematic implementation of the trading style will reduce trades and may be a few trades in a month should do the trick for a trader and have a peaceful time. Plan for tomorrow is to remain long above 5310 levels. Below 5310, Nifty will become bearish once again.
Now the second chart of Nifty futures the slow stoch is getting into positive territory along with MACD on the larger TF of 4 hours. This 4-hour TF needs to be watched carefully for whipsaws and is a confirmatory signal for getting the trend right on closing basis.
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