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 Shorter term Ichimoku Cloud trade

17 sec read

The below trade is based on our observation on Ichimoku with Nifty.


 
5030-4990 will be Intra Support Zone go and long with intraday stop loss of 4990 positional target will be 5200

Trade will be closed if any day nifty closes below 5025 on EOD basis or 4990 on intraday basis.

Minimum Profit 150×20 = 3000 in mini nifty futures
Max Loss = 69×20 = Rs 1380 in mini nifty futures

Nifty 15min Charts with cloud support range 4990-5030

Nifty hourly Charts with Resistance near 5160

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.

Send Option Orders from Futures or Spot Signals in…

This tutorial helps you to understand how to connect your simple Buy and Sell Trading signals to send ATM option orders in the...
Rajandran R
9 min read

How to Send Automated Orders from Tradingview to Algomojo…

This tutorial explores how to send automated orders from Tradingview using webhook method to Algomojo Trading Platform. Webhook is a unique way of communicating...
Rajandran R
2 min read

TradersKart – One Stop Shop for Traders

TradersKart offers One-Stop E-commerce Solution for all the traders, where traders will get access to their trading needs. Traderskart provides the necessary tools required...
Rajandran R
53 sec read

9 Replies to “Nifty Shorter term Ichimoku Cloud trade”

  1. Hi,

    I could not understand what is meant by the following statement. Can you please explain?

    Trade will be closed if any day nifty closes below 5025 on EOD basis or 4990 on intraday basis.

    Minimum Profit 150×20 = 3000 in mini nifty futures
    Max Loss = 69×20 = Rs 1380 in mini nifty futures

    S.Laxminarayanan

  2. Expectation of the continuation of the Negative Trend if Nifty closes below 5025 on EOD basis.

    And to protect the losses i kept the intraday stop loss of 4990

    Even if nifty closes below 5010 during end of the day and the intraday SL 4990 doesnt got hit… it is considered as a exit

  3. Hi Rajandran..

    thanks for posting charts..

    My query is, how to make out that we got to play Only Longs…

    I mean — Why not a Short Trade if Nifty breaks 4990 cloud on downside..???

    If Nifty breaks 4990, then Why to exit — Why not initiate fresh Shorts…??

    Pls write in ur valuable suggestion / comments…

    Many Thanks…

  4. Cool…

    Luckily I saw ur post in the morning… Based on that I made fresh Longs @ around 5027 & now after Europe opening made exit @5080..

    Made good 50 points profit..

    Not carrying over Longs, as not confident about Europe & US Weekly Charts..

    But anyways, thanks for posting these charts..

  5. At EOD if you can post Nifty Ichimoku Hourly chart, that would be great help in deciding next move…

    Hourly charts gives good big moves of min 80-100 points…

    So would like to see, whether its still @ 5160 OR has come down, as per today’s 18th May Closing…

    Many Thanks..

  6. hi, i have 1500 shares of nifty @ 5271 – may futures – every day mtm is calculated , can u tell me what do i do ? am new to nifty …pls help me
    thks

  7. hi,
    i have 1500 nifty @ 5271 – may futures – can u help me by telling me what to do

  8. Which type of trader you are Intraday, BTST, Positional.

    If you are new to nifty then probably taking a 1500 nifty is a heavy risk in involving in such a trade. Kindly hedge it

  9. hi,
    so shld i hedge all the 1500 shares @ 5271,will i profit from it or shld i switch over to next month – which will b beneficial for me.
    & how much do u thk nifty wld go to by expiry

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More