Nifty June Futures is in positional buy mode since 17th June with trailing support comes near 5744 on the hourly charts and similarly MCX Silver august futures turns to positional buy mode yesterday ( 17th June,2013 ) and currenly the zone comes near Rs43236 /Kg Respectively. Reverse your position to Positional Shorts if the support breaks on hourly charts.
Rajandran R Follow 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)
Nifty Futures and MCX Silver Hourly Trend Update
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Stop Loss Hits for Nifty with a Strong Gap Down Opening. Positional Trend Revesed to Shorts
MCX Silver Too Broken it support zone Rs43236 /Kg