Nifty 90 min charts are shown with Ichimoku Cloud Indicator(3,12,18). Cloud Resistance comes near the zone 5480-5500 with nifty continuing the sell signal since 27 Jan 2011. But open interest figures indicates still higher open interest in 5400PE options series and more possibilities of put writing happening in 5400PE Feb Strike price. Chances of holding nifty above 5400 atleast on EOD basis
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Hello mr, rajandran
thanking you ur market call infomation is good….
Can you tell me what is that red and blue lines? Is it MA or is it a part of Ichimoku Clouds?
Wow! those red and blue lines crossover are working perfectly, and whenever candle jumps above that red line, we can add postions.
Good for trending market i think.
@Aman
Dont confuse with that lines. I never used that lines for decision making as they produce belated signals(i.e those lines are shifted w.r.t time so always generates a delayed signals.. but when looking into the picture it may look like perfect signals).
@Kamal Barot
Thanks Man! Iam just trying to improve myself. The blog is nothing but evolution of a man from monkey 🙂
@Aman : those lines are the components of Ichimoku anyways iam concerned with the cloud i.e the SPAN A and SPAN B lines only