Nifty and Bank Nifty on the 90 min charts are in positional buy mode since 6th June and still manages to close above the intermediate support zone which is currently at 5004 and 9660 on EOD basis. It is considered as positional exit if 5004 and 9660 breaks on EOD basis. And ichimoku cloud supports coming around 4890 and 9463 respectively.
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 charts for 11th June 2012 Trading
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