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 Weekly Analysis for 13-17, July, 2009

13 sec read

 


Nifty closes below a fresh 4 week low. 

Nifty Weekly Resistance

5 EMA-Low – 4105 – candle closed below 5EMA -Low on Weekly basis since March,2009
13 EMA – 4033 – Nifty closed below major Fibonacci Moving Average support which could act as a resistance zone for current week

Nifty Weekly Support

34/55 EMA – 3708/3754 will act as a Support zone on weekly basis




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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