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.

Nifty closed below 5 EMA weekly

14 sec read


 

From Nifty Weekly charts shows that nifty closed below 5-EMA(5000) average for the second time since march 2009.First time happends during the Budget week of July-2009. Nifty closing above 5000 for the next week also looks harder now as 5 EMA weekly resistance comes near 5000. medium term bulls can think about higher targets only if next weeks closing sustains above 5000.

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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