Nifty turns to buy mode with trailing support coming near to the 5291. Similarly Bank Nifty too turn to buy mode with trailing support coming near to 10380 zone. Reverse the trade if the support breaks.
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 and BankNifty 90 min charts update for 1st Mar 2011
8 sec read
Thanks Rajandran sir,
I am obliged and grateful for ur gesture of adding up my Blog link at ur esteemed site.
U have been amongst the most helpful seniors since long.
Sincere Thanks and Regards
RV
PS.- I was not able to get through ur site since evening.
Clear flow on charts. Good insight on days action.
Thank You
RAJ,
Pls tell me that, how you have mapped buy/sell signal in the chart(arrow). on what basis this signals generates.
@nagarajan
Those arrows are just manually updated by me using motive wave tool. When the candle moves above the cloud Buy arrow is posted and when the candle moves below the cloud a sell signal is triggered.