5316 5 day ema ...Prices closed 5360 again above 5 day ema and thus day trend is up . 5 day high ema coincidently hour high ema as well at 5368 and close below this suggests weakness in prices to close ema and low ema .
Today we closed above 5 week ema at 5352 ...making the week trend up for now but again closed below the week high ema so its not confirmed that week trend is up.
5369 is pivot for tuesday.
Since markets are volatile , ORB along with Pivot lvls can be used to trade Intraday . For last 2 days ORB is guiding well about the direction of trade for the day.
Today we closed above 5 week ema at 5352 ...making the week trend up for now but again closed below the week high ema so its not confirmed that week trend is up.
5369 is pivot for tuesday.
Since markets are volatile , ORB along with Pivot lvls can be used to trade Intraday . For last 2 days ORB is guiding well about the direction of trade for the day.
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