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 Simple Weekly View based on 5 EMA(High-Low)

18 sec read

Nifty Weekly Charts


 

Nifty Daily Charts

Still now Nifty Weekly closing are above 5 EMA(High) for the past 12 weeks. And now once again Nifty is nearing 5 EMA(high) – 4474 weekly levels. A close below 4474 indicates a bearishness. Also applying 5 EMA(High-Low)+ 13EMA theory to Nifty Daily charts indicates week below  4481 levels. So Its better to assume that Nifty is safe above 4480 and Weakness to prevail below 4480 levels. Next level of Weekly Supports comes near 4210 levels which is nothing but 5 EMA(low)

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.

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