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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 Near the Daily Cloud Resistance

11 sec read

Nifty almost nears the trend decision. It had almost tested near to the daily ichimoku cloud resistance 5148. After yesterday’s move above 5063 had tured the hourly chart to buy signal with hourly supports near 5030 and 15 min supports near 5070. Its advised to go short only below 5070, Else stay away and watch the nifty movement.

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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2 Replies to “Nifty Near the Daily Cloud Resistance”

  1. Hello Sir

    Todays NS took R at your level.
    Is there a way to get this cloud AFL of amibroker?

    Thanks

  2. 1. Can you please share how the figure of 5070 as support is derived / deduced on 15 min chart.

    2. Similarly how figure of 5030 is derived as support on 60 min chart.

    In case required please post chart.

    Thank You

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