Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. 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. Now the recent curiosity on building Trading AI Agents.
Nifty and Bank Nifty futures – August overview – III
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Nifty Futures Hourly Charts
Nifty and Bank nifty turned to positional sell mode on last friday during the second hour of the trading. Currently both nifty and bank nifty resistance come near 5709 and 9991 respectively.
Bank Nifty Hourly Charts
Nifty Spot Weekly Charts
5 EMA – High low strategy on the weekly nifty spot shows the intermediate weekly resistance at 5612. So any close above 5612 on weekly closing could bring potential reverse on the buy side.
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Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. 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. Now the recent curiosity on building Trading AI Agents.
Nice observation
What SAR trendline have you used on your first two charts? Not Parabolic SAR is it?