Rajandran R 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)

7 Long Term Charts to Watch

46 sec read

Nifty Futures Daily Charts
Nifty futures on the Daily charts maintains the long term buy mode and last month tested the support zone of 7772 and currently the support zone remains zone.

Nifty Futures

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CNX Small Cap Index
CNX Small cap index maitains the long term sell mode since Jul2014 and currently on the verge of breakout any close above 5291 on daily basis could change the trend to long term buy mode.
CNX Small Cap

Gold – International Daily Charts
International gold recently turned to long term sell mode after 5 consecutive failures due to too much of sideways movement on the daily charts and currently gold had broken the triple bottom support around $1185/ounce and currently trading at 1140 levels. Daily resistance level comes around 1255. Gold trend could change to long term uptrend if the resistance zone breaks on EOD basis.

Gold US

MCX Gold Daily Charts
MCX Gold turned to long term down trend and still it havent broken its past lower levels and continues to stay above 25000. Current resistance coming around 27763. Strategy will turn to long term uptrend if the resistance zone breaks on the EOD charts.
Gold

MCX Silver Daily Charts
MCX Silver currently in long term downtrend and the longterm resistance zone comes around 39927. Strategy will turn to long term uptrend if the resistance zone breaks on the EOD charts.

Silver

MCX Crude Daily Charts
MCX Crude Future turns to long term sell mode during july 2014 and currently the resistance zone comes around 5538. Trend will turn to long term buy mode if crude closes above 5538 on daily basis.
Crude

USDINR Daily Charts
Though the global rally is one but it fails to show inverse correlation relation ship in USDINR Spot rate. USDINR still managed to hold the positional long term trend and the support zone comes around 59.74. Strategh will turn to long term downtrend is the support breaks on EOD charts
USDINR

Rajandran R 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)

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