Nifty and Bank Nifty 90 min charts are shown both the instruments maintain the positional buy mode that got generated last friday. Currently the ichimoku trailing supports are around 5256 and 10169 and And the Intermediate supports 200day moving average around 5326 and 10285 respectively. Any dip below at this point below the intermediate resistance should consider as a warning for the reversal for the trend however only the reversal below the cloud resistance confirmes the downtrend.
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 charts for 13 Mar 2012 Trading
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