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 90min charts for 2nd Feb 2011

13 sec read


 
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

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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6 Replies to “Nifty 90min charts for 2nd Feb 2011”

  1. 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.

  2. @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).

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