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.

Next Level of Nifty with worst case supports

26 sec read


 

 At this time I think its good to post the Nifty supports and Numbers alone

rather trying and explaining  the pain and sentiment in the market.
Chart shown here is the Nifty weekly chart during 2003-2006 period. Where
nifty peaks(2595) on OCT 14,2005 and range between 2478 to 2595 for that week
which can be consider as the worst case support. And  Nifty Support 
can be extended to 2478 for the worst case(as seen in the weekly charts)
Anything in Nifty below 2484 will target 2200 and 2000

The Only Good Indication is that SCO is below 5 finally at 3.64. Means bounce back is possible in 1-2 days

Investors Sentiment in Indian Stock Market

Regards,
Rajandran R
Author – Marketcalls

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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