Nifty turns to buy after the sell signal since 27 Jan 2011. Also we got early cues from Open Interest builtup in 5400 PE Nifty option Feb series. Current buy signal holds the trailing support of 5450.Related Readings and Observations
Nifty September Expiry Begins with Volatility Nifty Futures September expiry kick-started with high volatility. Short term quick flip signals turned positive with immediate supports coming around 11655 levels. Price holding above […]Nifty Trading Outlook for April 2018 New Financial Year about to start and it is always refreshing to kick start with a unbiased outlook especially when a new derivative series starts. Structurally so far correction in Nifty […]How to Trade Nifty for November Expiry? Nifty is trading around All time high. October Futures is more of one-sided movement with an approximate swing of 500+ points swing. The trading sentiment is holding positive across the […]Nifty Futures Top Down Approach – FEB 2017 Overview On the daily timeframe consolidation is seen for the last 7 trading sessions. Both Nifty Futures and Bank Nifty Futures are showing an intraday selloff in the first half of the session […]Nifty Futures and Bank Nifty Futures October 2016 Outlook The RBI cut benchmark rates by 25 basis points (bps) on 4 October, bringing down the repo rate from 6.5% to 6.25% since then there is a significant underperformance in banknifty futures as […]Are We in a Emotional Buyers Market? If you frequently track gap in Nifty (Spot) you would understand that there are so far 10 unfaded gaps since the start of March 2016. Current leg of rally is almost 8 months old and during […]
Why Buy? Reason please?
According to the chart, the candle is below the cloud. So, why buy?
We are not following the STS crossover but the Cloud.
So, can you please tell from where is the buy from this chart.
still cloud resistance is there…rsi bearish divergence in 5 min chart…single day up may not be considered reversal…..budget is pending,guidelines not come…..can still be in buy mode?
@aman and sandew
Its a older chart mistakenly updated instead of the new one. Will try to replace it soon as iam on travelling towards my hometown.
updated with new chart check out the buy signal now as candle is above the cloud.
Thanks
Mr, Rajandran
update nifty oi tracker…..
sir can use same parameter chimoku Cloud Indicator(3,12,18).FOR 5MIN INTRADAY. OR ( 3,13,16) PLS REPLY SIR