Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.

Nifty hourly trading for 20 August 2010

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Nifty hourly view
Nifty hourly Ichimoku cloud view for 20 August 2010

Hourly charts of nifty for 20 August remains the buy signal with Ichimoku cloud supports near 5427 zone. Earlier the index sat at the Gann support of 17 August.

Nifty Daily View
Ichimoku Cloud view

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Daily charts of nifty remains the buy signal since 10th June 2010. i.e the recent buy signal right from 5075 remains in buy mode for more than 2 months .Current cloud supports are near 5354

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Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.

One Reply to “Nifty hourly trading for 20 August 2010”

  1. Nifty Range for the month of september is likely between 5350 and 5600 with few points here and there. there is lot of option writing done in 5300 Put and 5600 Call. So one can consider buying in index near 5350 and can book profit near 5600 and can make fresh shorts from there. Best wishes Happy investing.

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