A number of readers and traders may not have had heard of a term called as Golden crossover and we want to highlight this fact that this crossover has given immense profit majority of the times whenever it has occurred. You can read more about Golden crossover which we had covered earlier in the year 2012 also. To put it in simple words we can say that when a medium-term moving average (50 days) crosses a longer-term moving average (200 days) it is termed as a “Golden Cross”
NSE Nifty’s 50-day moving average
(10890) on March 15, 2019 (Nifty @ 11427), recorded a bullish crossover above 200 days
moving average (10889), thus generating a Golden Crossover. So, we can say that 10889 becomes major support for Nifty in times to come. Sustaining above 11730 is a signal that Nifty will head for 12000-130000 mark. Please have a look at the adjacent image which shows in tabular form that when Golden crossover has taken place in Nifty and how much it has yielded returns so far.
Historically it has been seen that whenever Golden Crossover has occurred in Nifty, it has given excellent returns barring two years when maximum drawdown was 4% on the downside and it makes sense to keep track of the stocks approaching Golden cross here. Since June 2003 it has been observed the Nifty index has rallied a minimum 15% over the next year subsequent to “Golden Crossover”, in the current scenario it projects 13000 target for the index.
You can make good money using our Nifty Intraday Tips for Tomorrow as the aim is to capture profit and move out of the market and no point carrying any tension home. However, if you do not intend trading in Nifty than other best option is to trade in Intraday stock tips as it gets you good profit before 11 AM on a daily basis.
NSE Nifty’s 50-day moving average
(10890) on March 15, 2019 (Nifty @ 11427), recorded a bullish crossover above 200 days
moving average (10889), thus generating a Golden Crossover. So, we can say that 10889 becomes major support for Nifty in times to come. Sustaining above 11730 is a signal that Nifty will head for 12000-130000 mark. Please have a look at the adjacent image which shows in tabular form that when Golden crossover has taken place in Nifty and how much it has yielded returns so far.Historically it has been seen that whenever Golden Crossover has occurred in Nifty, it has given excellent returns barring two years when maximum drawdown was 4% on the downside and it makes sense to keep track of the stocks approaching Golden cross here. Since June 2003 it has been observed the Nifty index has rallied a minimum 15% over the next year subsequent to “Golden Crossover”, in the current scenario it projects 13000 target for the index.
You can make good money using our Nifty Intraday Tips for Tomorrow as the aim is to capture profit and move out of the market and no point carrying any tension home. However, if you do not intend trading in Nifty than other best option is to trade in Intraday stock tips as it gets you good profit before 11 AM on a daily basis.
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