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 6th July Trading

17 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 5276 on EOD basis. Reverse your shorts only above 5280.
Only a breakout above 5280 will test a newer high in upcoming sessions

 
Nifty Daily Charts

On daily charts Nifty is oscillating between the 5 EMA-High(5231) and 5 EMA(5289) low for the past 8 trading sessions creating a sideways movment in nifty. As per 5 EMA(high-low) strategy Strength will prevail only above 5289

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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4 Replies to “Nifty Hourly Trend for 6th July Trading”

  1. Dear Rajendran
    My first post . Nice to see daily post on NFT HRLY chart . It is very helpfull . Please keep posting them whenever you get time.
    Is there any site where one can get free charting of nifty with Ichimoku cloud resistance..?
    Many thanks.
    Ravindra.

  2. Sir,

    Can you please give me the email ID of “Abhay”‘s (value trading). It’s showing “Blocked”.

    I am not able to view his blog post. Please send me to the email address which i have mentioned here.

    thanks in advance

    regards

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