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.
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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