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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Nifty and Bank Nifty 90 min Chart update for 21 Mar 2012 Trading
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Nifty triggered short term positional long with supports coming near 5280 on the 90 min charts
Could you please share your back test result especially for nifty / bank nifty futures ? is it in profitable result as an average ? Thanks in advance
p.s. Congratulations for your good work….keep it up…. 🙂
Also can you share us the latest AFL ?
@Santhsh will share this the new afl after optimizing for 90 min timeframe. The old AFL can be downloaded from http://www.marketcalls.in/afl-code/optimized-ichimoku-afl-code-to-catch-early-buy-or-sell-signals.html
Thanks Rajendran !!!