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 Technicals

18 sec read


 

CMP : 3077.5
2 Period Weekly RSI : 91.38
5 EMA Support : 2920
20 EMA Resistance :  3371
 
Dollar Shows some sharp bounce back from its lows last friday. May be FII's are booking
their longs and nice profits in Shares+Dollar Gains. Looks Maximum Upside is upto
3175 on closing basis where it could act as a resistance and can retrace from that
level. Which is 50% of rectracement line 6350/2 = 3175.

Also Altime Low is 2250 so a 50% retracement from low = (2250+ 2250/2) = 3375

Overall Market upside is limited to 3175-3375

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 and BankNifty 90 min charts update for 16th…

Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
Rajandran R
10 sec read

Nifty and BankNifty 90 min charts update for 15th…

Nifty turns to buy mode with cloud supports coming near to 5460-5470 zone. And Bank Nifty still in sell mode with resistance near 10900....
Rajandran R
8 sec read

Nifty Week End Review

Nifty week end review on daily and 90 min timeframe and Nifty Option Details
Rajandran R
32 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More