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Rajandran R Creator 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 Simple Weekly View based on 5 EMA(High-Low)

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Nifty Weekly Charts


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Nifty Daily Charts

Still now Nifty Weekly closing are above 5 EMA(High) for the past 12 weeks. And now once again Nifty is nearing 5 EMA(high) – 4474 weekly levels. A close below 4474 indicates a bearishness. Also applying 5 EMA(High-Low)+ 13EMA theory to Nifty Daily charts indicates week below  4481 levels. So Its better to assume that Nifty is safe above 4480 and Weakness to prevail below 4480 levels. Next level of Weekly Supports comes near 4210 levels which is nothing but 5 EMA(low)

Source:
www.marketcalls.in
Rajandran R Creator 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.
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