Nifty and Bank nifty on the hourly spot charts is in positional Buy mode with supports coming around 7375 and 14928 respectively.
Reverse your position to positional sell mode if the support breaks on the hourly charts.
Bank Nifty Hourly Charts
[wp_ad_camp_5]
India VIX Hourly Charts
India VIX on the hourly charts maintains the sell mode. Resistance still around 18.10.
Nifty Options Open Interest
Open Interest built up is still higher at 7500CE and despite call option writing at 7500 nifty surges and closed with a weekly return of 4.88%. 7500CE and 7600CE are the highest open interest builtup on the call side on the put side 7000PE holds the highest open interest. Also the overall open interest figures shows that call/put writers are not confident at this moment.
Hi Rajandran,
Once again I’m asking you the same question related to the AFL used for EOD Signals on your website. It says “intra Trend AFL” instead of “Super Trend AFL” available on 5 minutes NSE Signals. Are both different?
I asked the same question few days back as well but didn’t get any response so far.
Thanks,
Nehal Suthar
Yes both are different.
hello sir,,,,,
my question is about i have seen in some chart in nifty where you have mention in that 5days ema of high and 5 days ema of low price
and you were saying according to that chart about the trend of nifty
is it also a strategy for trading or it is only for watching a trend…if this is any kind of trading strategy than could you please put some light on this how does it work
i will be very grateful
i know your are very busy to helping in who is needful
but i am damn sure you will spare some of your valuable time and help me out…..
may god give you a long and healthy life so you can help millions of people by sharing your knowledge
regards,,,,,,,
ANIL WADHWA
Hi,
5EMA High-Low Strategy i generally use to gauge the overall long term trend. It is a weighted factor included to take positions. If the overall trend is on the long side then on positional trading we give more weightage to the long trades and less weightage to the short trades and vice versa.