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
Nifty Clear View
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5 EMA : 2809
20 EMA : 2819
Wait for 20 EMA/5 EMA crossover to take longs. i.e wait for 5 EMA>20 EMA Till then remain with your shorts.
5 EMA/20 EMA crossover would happen if nifty closes above 2848-50 So monday any gapup opening then sustainability matters because Volatility index VIX raised above 50 which is quite dangerous for Bulls sustainablility.
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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
dear raj,now that v hav closed above the 5day ema and 20 day ema,how far can this upmove take us. regds rashmi
RASHMI But still there is no 5 EMA/20 EMA crossover…. Let wait for the crossover to take longs. Till then be with shorts
thanx but raj it has closed at 2843.how do u interpret it,the levels i mean. rashmi
W.r.t my previous post5 EMA/20 EMA crossover would happen if nifty closes above 2848-50So monday any gapup opening then sustainability matters.