Nifty50 update 2018 may 18
Nifty50 has just crossed 3 important indicators. Moving Averages 20 has been crossed, MACD line has been crossed and RSI 50 line has been crossed. The indicators shows, that we might go into a periode with bearish recommendations.
We advise to look for a short entry and avoid any long entries as long as these 3 indicators are valid.
Also notice, that we are at a very imnportant level 10595, which have been working as support and resistance many time before.
A short position can be created when this line has been crossed.