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 Trend for 5th July Trading

9 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

 

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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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

  2. 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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