Rajandran R FollowCreator 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 Simple Weekly View based on 5 EMA(High-Low)
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Nifty Weekly Charts
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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)
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Rajandran R FollowCreator 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
great analysis
simply correct n nice