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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Short Overview of State of Nifty and Economy

23 sec read


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Everything remains the same

— Reliance Lags Nifty

— Nifty Wintess 3 Week Top Formation in Weekly Charts

— Trin is above 1

— FII's Remain Netsellers

— Dollar Bottomed Out in short term along formation with bullish divergence in charts

— GANN Tussle between bullish and bearish lines from the GANN Charts
 
— GANN Supports near 4500 and near 4220-4240.
 
— Baltic Dry Index down more than 40% since June 2009
 
— Crude at criitcal resistance trading near 200 Week Moving Average along with bearish divergence in charts
 
— Montly Support near 4220( 5 EMA montly)
 
— Weekly Resistance near 4600( 5 EMA Weekly)
 
— Overall  Breakout above 4600 and Breakdown below 4350.
 
 
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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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0 Replies to “Short Overview of State of Nifty and Economy”

  1. kindky add concluding remarks as to the direction of market so that small investors can benefit.

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