Nifty and Bank Nifty 90 min charts are in sell mode since 3rd May. Currently the resistance zone on the 90 min timeframe comes around 5034 and 9625 Respectively. Strategy should be reversed to Positional Buy only if the levels breaks on 90 min timeframe.
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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Nifty and Bank Nifty 90 min chart update for 14th May 2012 Trading
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