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 hourly Chart is getting Weaker

14 sec read

Nifty hourly chart

Nifty hourly ichimoku chart shows that nifty is trading below the hourly ichimoku resistance for the past two days and still mainintaining below the hourly resistance cloud. Currently the hourly resistance cloud is near 5040. Trading bias is negative until nifty trades below the hourly cloud. Also the daily resistance cloud has been shifted from 5148 to 5101(Check out the picture below)

Nifty Daily Chart

 

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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