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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 Hourly Trend for 5th July Trading

10 sec read

Nifty hourly movement is very tricky in progressing a down-trendy wave more in a sideways fashion.
Current hourly downtrend will terminate above 5280 on EOD basis. Reverse your shorts only above 5280.
Only a breakout above 5280 will test a newer high in upcoming sessions
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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
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3 Replies to “Nifty Hourly Trend for 5th July Trading”

  1. Dear Sir,

    What are the parameters used for Ichimoku is it 3,1316 or of default 9,26and 52.

    I would like you to guide us what paraments should we use for short term trading.

    Thanks and Regards
    Jeetender

  3. Dear Sir,

    Iam hooked to Ichimoku after seeing your site, Iam doing mock trading initially but would like to start off live looking at the encouraging results.

    Thanks for introducing Ichimoku.

    Thanks and Regards

    Jeetender

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