The scanner identifies Banknifty weekly options whose EMA 50 indicator crosses below EMA 200 checked on a 5-minute chart, indicating a potential bearish trend reversal in the short-term timeframe.
Universe
Nifty 50
Time Frame
5 Minutes
Conditions
EMA(close, 2, 0) crosses above EMA(close, 3, 0) and EMA(close, 9, 0) higher than EMA(close, 15, 0) and Multitime frame(15min, EMA(close, 9, 0) higher than EMA(close, 15, 0) )