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Ichimoku hourly charts of Nifty shows that currently supports near 5948 and the hourly buy signal continues since 16th Dec 2010. Reverse the postions the sell if nifty dips below 5948
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Nifty hourly charts – 23 Dec 2010
6 sec read
Update 12:46P.M Support at 5956
Update 2:40P.M Support at 5962