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Nifty Hourly Trend for 5th July Trading
4 July 2010
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Nifty hourly movement is very tricky in progressing a down-trendy wave more in a sideways fashion.
Current hourly downtrend will terminate above 5280 on EOD basis. Reverse your shorts only above 5280.
Only a breakout above 5280 will test a newer high in upcoming sessions
Related Readings and Observations
- Nifty hourly trading for 12th Aug 2010
Hourly sell signal in nifty continues with cloud resistance 5462. GANN Supports/Targets are at 5370-5375 zone and 5180-5200 zone.... - Nifty hourly trading for 3rd August 2010
Nifty hourly mode turn from sell to buy mode with hourly cloud support at 5410... - Nifty hourly trading for 29 July 2010
Nifty hourly mode today turn from buy to sell mode. As of now the hourly cloud resistance are built near 5420-5425 zone. Bearsish call writers had
successfully dominated the 5500CE in July series... - Nifty hourly trading for 28th July 2010
Nifty maintains the hourly buy mode since 22nd July 2010. Hourly clouds are near the 5419-5427 band. Reverse longs only if the resistance band got broken on hourly basis otherwise shorts are not recommended.... - Nifty Hourly trade for 27 July 2010
Nifty maintains the hourly buy mode. Hourly clouds are still near the 5380-5390 band. Reverse longs only if the resistance band got broken on hourly basis otherwise shorts are not recommended....
Written by:
Rajandran R
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Dear Sir,
What are the parameters used for Ichimoku is it 3,1316 or of default 9,26and 52.
I would like you to guide us what paraments should we use for short term trading.
Thanks and Regards
Jeetender
@Jeetender,
I use 3,13,16 for short term trading
Dear Sir,
Iam hooked to Ichimoku after seeing your site, Iam doing mock trading initially but would like to start off live looking at the encouraging results.
Thanks for introducing Ichimoku.
Thanks and Regards
Jeetender