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 Swing Charts and ICICI Positional Targets

32 sec read


 

Nifty Spot :4103
 
Inference from the Swing Charts of – 4 day(15 min) Intraday Nifty charts
Which shows that the primary trend of the nifty is getting weaker day by
day. And the falling RSI and the stocastics signals further downtrend is
possible if nifty is not able to move above the recent swing high 4130
and any dip below 4177 will take nifty towards 4000 hardly and movement
above 4130 will take nifty towards 4225 once again.
 
ICICI Positional Targets :
 
Bullish Outlook:
 
1)Looks Bullish above 600 for a target of 608 with stop loss  at 593
2)Looks Bullish above 610 with stop near 599 for a target of 623
 
Bearish Outlook
 
1)Bearish outlook below 588 for a target of 574 and 560 with stoploss near 600
 
 
 
Recommended to play this game in futures. With Stop loss near
 
 
 
Happy Trading!!!
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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