Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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
Shorting IDFC Positionally in Futures
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IDFC Future Price : Rs 153.50
IDFC has recently broken below both the GANN Shorter tern and longer term
trend line. Now its time for positional players to short this stock at every rise
for a target of Rs 126 fibonacci retracement of with stop loss of Rs 160 on EOD basis.
Weakness in IDFC is expected until it closes above Rs 160 on EOD basis
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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
Hourly sell signal in nifty continues with cloud resistance 5462. GANN Supports/Targets are at 5370-5375 zone and 5180-5200 zone.
2 Replies to “Shorting IDFC Positionally in Futures”
sir,just wanted to bring to your notice that in IDFC, rs. 150 is 200ema support and stochs are in OS region getting up ,along with other technicals as bollinger bands,there is a fair chance of bounce to 5o ema of rs.160 before further action.kindly check
@aarvee,For IDFC 200MA = 120 and 200 EMA = Rs 131Any how it breaks the GANN support. So the ideal trade should be on the short side rather thinking about longs
sir,just wanted to bring to your notice that in IDFC, rs. 150 is 200ema support and stochs are in OS region getting up ,along with other technicals as bollinger bands,there is a fair chance of bounce to 5o ema of rs.160 before further action.kindly check
@aarvee,For IDFC 200MA = 120 and 200 EMA = Rs 131Any how it breaks the GANN support. So the ideal trade should be on the short side rather thinking about longs