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 Update – 19 June 2009

12 sec read


 

Nifty Hourly charts indicates  likely a  minor bounce back towards 4340 levels(13 EMA) as RSI shows

oversold levels. 
Daily Support Comes near 34 EMA levels – 4187
From Hourly  Charts:
Resistance1 : 4340 – 13 EMA
Resistance2:  4464 – 55 EMA
Only a recovery above 4464 indicates the continuation of bull run.

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