Nifty and Bank Nifty 90 min charts are in sell mode since last thursday. Currently the resistance are in 5296 and 10329 respectively. Currently nifty is trading below the long term weekly support zone 5236. Trading below 5236 in the upcoming sessions indicate weakness in the market.Positional Long positions should be taken when the ichimoku cloud resistance 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)
Nifty and Bank Nifty 90 min charts for 27 Mar 2012 Trading
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