Rajandran R FollowCreator 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
Ideal Nifty trade for 18 Jan 2010
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Nifty 5300CE Jan 2010 Series have high Open Interest builtup. Which shows that 5300 Calls are
being written. At the same time, Market Breadth is fine.Both 5 and 20 day ATR AT 61. which shows that
market is lacking both fear and greed. Still now the supports are not yet broken.
Ideal trade is not to short nifty until it closes below 5EMA line(i.e 5245) on EOD basis. Just trade with the flow.
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Rajandran R FollowCreator 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
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2 Replies to “Ideal Nifty trade for 18 Jan 2010”
Rajandran,hope u r back. How was pongal celebrations. Missed pongal flavor and also book exhibition at chennai…If time permits, pl.explore fibo trader and help in database setup…features seems to be good for eod analysis…sri
@Ganesh,Yeah Enjoyed the pongal celebrations andWill try out in exploring the fibotrader Eod Setup
Rajandran,hope u r back. How was pongal celebrations. Missed pongal flavor and also book exhibition at chennai…If time permits, pl.explore fibo trader and help in database setup…features seems to be good for eod analysis…sri
@Ganesh,Yeah Enjoyed the pongal celebrations andWill try out in exploring the fibotrader Eod Setup