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.

Hourly Nifty and Advance-Decline Chart

25 sec read

NMA-Hourly Nifty Charts

Ichimoku-Hourly Nifty Charts

 
Though there is a final hour surge in nifty after expiry, But Still the hourly strategy of both the NMA and Ichimoku remains with the sell signal with resistance coming near the 6030-6040(Approx) zone. Advance-Decline charts are proving that only few stocks are moving in the incremental direction and the most of the stock decline than the advaning stocks. Even Advance-Decline ratio is at newer low but Nifty is enjoying higher high’s and even newer high’s and rising TRIN indicates more declining stocks with volumes when compared to the advancing stocks as spotted in the earlier post about NSE Breath Indicators.

NSE Advance – Decline Line

NSE TRIN

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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Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
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