Marketcalls
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 Chart

16 sec read


 

Nifty CMP : 3234.9
 
As per the trend channel shown in the weekly chart. Nifty is a Buy Only above 3250.
From the figure it is witnessed that nifty has broken its blue trend channel and now
started trading between the red trend channel. Failure of nifty below red trend channel
will initiate continuation of long term selling pressure once again. If mangage to Nifty
close above 3250 will target 3800 and 4000 in short term
Source:
www.marketcalls.in
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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