Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Nifty turns to Buy Mode on daily chart

7 sec read


Nifty turns to buy mode on daily chart with trailing support coming near to 5388-5400 zone. It is to be noted that the last sell signal on daily chart came around
07 Jan 2011
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Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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3 Replies to “Nifty turns to Buy Mode on daily chart”

  1. Hello,

    Since you’re using ichimoku indicator in the above Nifty chart, the indicator does not give buy signal yet. Ichimoku indicator gives a lot of importance to Chikou Span (CS) and it is still below kumo. It needs to cross kumo to get buy signal. Till, then the buy signal gives by price movement or TS/KS cross is incomplete / false signal.

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