Nifty Hourly Buy signal more recently turned to sell once again after breaking the cloud support 6130. Now Hourly Cloud supports are at 6175-6217 zone.
Nifty remains in hourly buy signal with a trailing cloud stop loss of 6127
Nifty’s 4day of hourly sell signal in ichimoku cloud turns to buy signal during the initial first hour of the day’s startup. Nifty crossed above the hourly ichimoku resistance zone and currently the supports for the buy signal @ 6125
Hourly Ichimoku charts of nifty maintains the sell mode for the third continuous day with hourly cloud resistance near 6159.
Wait for the Buy Signal to trade long(i.e a hourly close above 6159).
Nifty maintains the Hourly Sell signal but likely to start on monday with bullish kick…. The hourly resistance line is near 6170. Which could be the trend deciding factor for shorter term trend.
Almost all the strike prices of puts ends negative though nifty shrinks today. Highest OI at 6000puts since the start of OCT series. Its seems nifty likely to reverse its short term path to upside. Waiting for the confirmation from hourly ichimoku levels. .
Nifty hourly charts turns into sell mode after breaking the cloud support zone 6170. Now Nifty shorterterm trend is focused towards Selling Bias with 6170 as
trailing stop loss line
Nifty remains in the uptrend with cloud hourly cloud supports coming near to 6090 zone.
Nifty Hourly Charts with buy signal during the first hourly of last friday and currently with Trailing stop loss near 6019. Reliance(Spot) Hourly Charts with buy signal with Trailing stop loss near Rs1004.4
Though there is a final hour surge in nifty after expiry, ButStill the hourly strategy of both the NMA and Ichimoku remains with the sell signal with resistance coming near the 6030-6040(Approx) zone.
Atlast after my lazy days i had configured IEOD database in my Amibroker software. Let have a check with the shorter term charts of nifty. Here we are not trying to predict anything from the charts rather just following the rules of the trading system
NMA turns green finally after crossing the 5512 market after a heavy surge in nifty which turns nifty from sell mode to buy mode. And the current trailing stop loss comes near 5406