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 is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.