As Per Ichimoku Trading system on 90 min charts Nifty is in sell mode Since 3rd June and Bank Nifty maintains the sell mode since June 15th. Currently Nifty and bank nifty nears the resistance zone 5320 and 10546 respectively. The June options series ended with higher open interest built up at 5200 PE towards of the end of June expiry.
Rajandran R Follow
Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, 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 23 June 2011 trading
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