Nifty and Bank Nifty are in sell mode with resistance coming around 5409 and 10430 respectively. And for Nifty intermediate supports are currently near 5274 i.e 200MA. IndiaVIX had traded completely below 18 for the entire month keeping the markets tightly compressed without any huge gap up or gap down openings.
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 29 Aug 2012 Trading
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