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Rajandran R Creator 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 Futures Indicate Immediate Correction

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Above chart is the update of yesterday's 15 min chart
 
Nifty Future likley to start a bigger and immediate correction from current levels.
Source:
www.marketcalls.in
Rajandran R Creator 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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Nifty and BankNifty 90 min charts update for 16th…

Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
Rajandran R
Mar 16, 2011 10 sec read

Nifty and BankNifty 90 min charts update for 15th…

Nifty turns to buy mode with cloud supports coming near to 5460-5470 zone. And Bank Nifty still in sell mode with resistance near 10900....
Rajandran R
Mar 14, 2011 9 sec read

Nifty Week End Review

Nifty week end review on daily and 90 min timeframe and Nifty Option Details
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Mar 12, 2011 34 sec read

3 Replies to “Nifty Futures Indicate Immediate Correction”

  2. no way… today's rally was not as per technical. it was based on news and budget driven. correction is on the cards.. just wait and see. I admire Rajendran's work and fond of his analysis. after budget real face of nifty will be seen. good luck if u have long position.

  3. @nitin market movements are never not as per technicals.. news and budget are not anything that have cropped up suddenly.. its all in the price.. i think markets do make moves which are some signals before a big event.. see how the market moved up before the election result was to be announced.. and then it made the big move on confirmation.. i think rajendran himself will confirm that movements are never to be ignored.. lets see what happens on monday.. i too feel there should be a correction.. but you never know..

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