Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. 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. Now the recent curiosity on building Trading AI Agents.
Nifty Clear View
12 sec read
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 Sketchmaker, RagZ. 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. Now the recent curiosity on building Trading AI Agents.
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.