Supports for Nifty around 5120-5130(Approx). Short Nifty only if nifty dips below this zone for a short term target of 5010. Until then be with your longs
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)
Shorter Term GANN Charts for Nifty
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Thanks
volatility of put options picking up & OI to PRICE ratio of call options suggesting start of downward movement , most probably has kick started .
WE WOULD LIKE TO SEE EXPERT’S COMMENT ON THIS , MR. RAJANDRAN.
Jitin Volatility is nothing to do with the trend. Most of the times it delays the trend. When there is a very high or very low volatility its difficult to take a guess on which way the stock/index will move!