Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Long and Short term GANN FAN Charts for Nifty

27 sec read

Long Term GANN Fan Charts – Nifty Daily

Long Term GANN FAN Charts shows support in the zone near 4650-4700 

And the Shorter term Falling GANN  Charts from the recent chart shows
that nifty today closed exactly near the shorter term support zone. 
Shorter term Falling GANN Fan Charts – 5min Nifty

Possibly if nifty moves below 4825 on intraday basis will lead to the long term 
GANN Support zone. However respecting the shorter term supports 4825 zone
could target the next shorter term resistance zone near 4950 again.
Overall: 
Shorter Term Support 4825
Shorter Term Resistance : 4950
Long Term Support : 4650-4700

Related Readings

The Original Path of Nifty is not yet reversed – 30 Jan 2010

Next GANN Support zone for Nifty – 21 Jan 2010

Source:
www.marketcalls.in
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Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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