Rajandran R Creator 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

30 and 60min charts of Nifty for 1st November 2010 trading

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[click on the charts for bigger picture] 30 min and hourly nifty charts are shown in the above picture with both the 13-13 Wilders Moving Average Channel Offset trading system and Ichimoku Cloud Trading strategy. Almost all the charts are in sell mode.
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It is recommended to follow any one strategy at any point of time and not to switch the strategy while you are in trade
1)Hourly Ichimoku Indicates a buy above 6054 and 30 min charts indicates a buy above 6019
2)Similarly 13-13 WMACOTS indicate a buy above 6075 and 30 min charts indicates a buy above 6049

Its not a buy and hold strategy. But a shorter timeframe strategy for 50-75 pts returns. One your targets got achieved its advisable to book profit before the next signal arrives .

Rajandran R Creator 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

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3 Replies to “30 and 60min charts of Nifty for 1st November…”

  1. Sir, im using chartnexus. how to set 30 min chart and 1 hr chart in that.
    and one more thing,im unable to download amibroker nse database from ur site.
    thanks

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