Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Dedicating Red Candles to Nifty

24 sec read

 

In Comming Weeks, Nifty Weekly Charts may show you Red Candles  if 2800 is not surpassed on the upside

As per 5 EMA Strategy Still Nifty Weekly Charts Shows a Sell Signal with Positive Breakout only above 2800. And Anything Below is a sell.

For this Week we ended with Indecesive Candle So Clearly monday we would have some direction with weekly resistance at 2800 where exctly 5 EMA  Resistance comes.

And As per Daily Chart Anything above 2720 is a Buy… and anything below 2700 is a sell….. CMP : 2714 … I donno which side the dead cat is going to fall coz market ends with such a  indecisiveness

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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