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 Shorterterm GANN Hourly Charts view

27 sec read

Shorter Term GANN Charts

Nifty GANN FAN falling Hourly chart of Nifty is shown and currently nifty is still hanging around the falling resistance line(Brown line) as shown in the chart and also trading below the resistance line for the past three days. Strength will be seen only if nifty trades above 4900 which could probably takes nifty towards the 5050 zone and the current shorter term resistance is near 4860. And the long term GANN supports are near 4780(which is not shown in the chart). So any down move below 4780 could result in drastic downtrend. As of now still calls are written at 4900 series. So its advisable to take shorter term long positions only if nifty trades above 4900

 

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.

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

New Margin Framework for Options Trading and Market Outlook…

In this tutorial, we covered detailed indepth insights on the current market structure and the outlook for June 2020. Also New Margin Framework which...
Rajandran R
22 sec read

Leave a Reply

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