Rajandran R Follow 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

Dedicating Red Candles to Nifty

December 5, 2008 25 sec read

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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