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 Trends for Nifty – 23rd Jan 2008

13 sec read


 

Nifty Hourly shows a short term negative trend formation with intermediate support near 2620-2650 with respect to the time(remember it may vary with time).
 

Be cautious if nifty drops below 2620. Also have an eye on Yen as it is trading near 14 years low CMP : 88.2 . Possibly Yen carry trade could happen on monday

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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