Chart shows that Nifty hourly mode @ GANN Supports zone 5417-5410. Breakdown below the support zone will target the next support zone 5200
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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 hourly trading for 17 August 2010
5 sec read
SIr WHAt dO U SUggeSt tHe Strategy fOr reliance
Options are loosing premium quickly. One can sell Call of 5700 and puts of 5300 for next 7 to 10 days to get decent return. market doesn’t loos to be crossing these levels easily
@Nanavati:
Instead i would try some other stock which gives me easier clues!