During the last one and half months ferocious up move of Nifty, Agni level gave sell signals and later buy signals at higher values(around 90 points above sell signals)in two occasions. At that period Nifty moved down below 4DMA and rebounded (marked yellow in the table)intraday. Going long when Nifty moved above 4DMA would have given a better return than following Agni level alone. This is for future guidance.
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