Nifty and Bank Nifty are in Sell mode since the day of budget. Currently the ichimoku cloud resistance comes near to 5349 and 10507 respectively. Reverse your position to long if the resistance zone breaks on the 90 min charts.
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)
Nifty and Bank Nifty 90 min Chart update for 21 Mar 2012 Trading
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