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.
Related Readings and Observations
Nifty and Bank Nifty Trading at the Upper Extreme Nifty Futures and Bank Nifty Futures are trading in a sideways compression mode for quite some time in Jan 2019 series. Both Nifty Futures and Bank Nifty Futures are trading very close to […]
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 […]
BRExit and Stock Market Crash Nifty and Bank Nifty sentiment turned negative on the EOD charts on the event of BRExit poll announcement. And the global markets also strongly reacted for the BRExit poll outcome. USDINR […]
Nifty and Bank Nifty Futures – Daily Sentiment Update Nifty and Bank Nifty Daily Sentiment oscillators are holding positive and currently. Minor Resistance zone coming around 7870 and 16800 respectively. Breakout is likely to be on the upper […]
Nifty and Bank Nifty August Futures Mid Month Review Nifty and Bank Nifty August Futures Daily Sentiment turned positive on friday. India's July WPI inflation figures came at -4.05% YoY Vs June WPI was -2.40%. Despite the Chinese Yuan […]
Nifty and Bank Nifty July Futures Outlook It is interesting to note that DII's are relentlessly buying the equity market right from 12th June 2015 despite Greece Exit fears, Global Meltdown and Indian Market seems to be resilient […]
Rajandran R says
March 21, 2012 at 2:18 pmNifty triggered short term positional long with supports coming near 5280 on the 90 min charts
santhosh says
March 21, 2012 at 5:33 pmHi Rajendran
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…. 🙂
santhosh says
March 21, 2012 at 5:39 pmAlso can you share us the latest AFL ?
Rajandran R says
March 22, 2012 at 10:32 pm@Santhsh will share this the new afl after optimizing for 90 min timeframe. The old AFL can be downloaded from https://www.marketcalls.in/afl-code/optimized-ichimoku-afl-code-to-catch-early-buy-or-sell-signals.html
santhosh says
March 23, 2012 at 10:49 pmThanks Rajendran !!!