Nifty EOD chart with 13-13 Wilders Moving Average Channel offset trading system is shown. The EOD chart turned to sell mode on 27th July 2011, Since then nifty has lost more than 600 pts. On Wednesday after hitting the 13-13 Wilders Moving average channel high resistance zone 5140-5160 nifty has tumbled again and also has seen the biggest fall ever since October 2008. Currently all the timeframe of nifty has turned to sell mode even on the 90 min charts after opening below the cloud support 5055 zone. 5140 holds the long term resistance for the current downtrend.
Rajandran R Follow Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)
13-13 Wilders Moving Average Update for Nifty EOD charts
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