[wp_ad_camp_5]
Nifty turns to buy after the sell signal since 27 Jan 2011. Also we got early cues from Open Interest builtup in 5400 PE Nifty option Feb series. Current buy signal holds the trailing support of 5450.
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 90min charts for 4th Feb 2011
7 sec read
Why Buy? Reason please?
According to the chart, the candle is below the cloud. So, why buy?
We are not following the STS crossover but the Cloud.
So, can you please tell from where is the buy from this chart.
still cloud resistance is there…rsi bearish divergence in 5 min chart…single day up may not be considered reversal…..budget is pending,guidelines not come…..can still be in buy mode?
@aman and sandew
Its a older chart mistakenly updated instead of the new one. Will try to replace it soon as iam on travelling towards my hometown.
updated with new chart check out the buy signal now as candle is above the cloud.
Thanks
Mr, Rajandran
update nifty oi tracker…..
sir can use same parameter chimoku Cloud Indicator(3,12,18).FOR 5MIN INTRADAY. OR ( 3,13,16) PLS REPLY SIR