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.

Bank Nifty Daily Sentiment at Extreme

22 sec read

Bank Nifty Weekly Charts

Bank Nifty since the start of Jan 2017 had done a 1000 points+ recovery and moved up without much rotations on the daily charts. Trading Sentiment remains positive for the weekly timeframe as well as daily timeframe. However trading sentiment on the daily timeframe is at the extreme which could bring short term corrections or volatile sideways action.

Bank Nifty Daily Charts

LinTRA maintains positional sell on the Bank Nifty – 30 minute timeframe which indicates that further uptrend is possible only if bank nifty sustains above 19180-19200 zone

Update on 18th Jan 2017 – Post Market (Whipsaw in the Signal followed by Sell Signal Continuation)

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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