Rajandran R Creator 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 hourly Chart is getting Weaker

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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
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Rajandran R Creator 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.

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