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Nifty finally got down below the daily cloud supports. Trend got weak for medium term. Warning for those who holding
stocks on deliveries for shorter term. Resistance builts near 5288 levels on daily charts
Rajandran R Follow
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 Trading below Daily Cloud Supports
7 sec read
no sir next support is near 5160. break 5155 next support 5110(sltake long position)