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Possibly a shorter term temporary bounce back from lows towards the resistance cloud zone. Almost most of the basic indicators on hourly timeframe are oversold now.
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 Ichimoku charts for 11 Jan 2010
6 sec read
Dear Rajandran
Wish you a Happy Pongaland Mahara Shankaranthi
Regards,
Veer
Thanks veer
Hi,
Please do post ichi chart upto Friday last.
Thank You
@sandew
iam out of chennai. Will post it before the day ends.
Dear Rajandran,
Thanks for the hrly.chart.Now looks it is well below the clouds and unlikely to come even within the clouds soon so,the coming sessions shall be very interesting.