Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Nifty Mean Reversion is must

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Now there is a huge gap existing between the Nifty spot price 4318 and the Nifty 5 EMA(4016) and Nifty 13 EMA(3776).EMA Principle is that mean reversion towards the EMA line will happen if there is a huge gap exiting between the EMA values and Actual Price values.

Then the fair value of nifty is either 3776 or 4016. Waitng for Nifty to Mean revert
Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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One Reply to “Nifty Mean Reversion is must”

  1. Hi Rajandran,Agreed to the theory 100%. I even feel from today’s candle pattern, that if Nifty trades and closes below 5 DMA it can retest the 200 Weekly MA support. Huge resistance is there at 4500. Nifty need to break that to go up.RegardsIndrajithttp://stockmaniacs.blogspot.com

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