Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Short Overview of State of Nifty and Economy

23 sec read


 

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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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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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