Nifty and Bank Nifty turned to positional buy mode on the start of monday morning. Supports coming around 5072 and 10178 respectively. Nifty intermediate resistance comes around 5184 i.e 200MA and Bank nifty is currently trading above the intermediate resistance zone 10283. Becautious if bank nifty closes below the intermediate zone 10283 on EOD basis.
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 30th July 2012 Trading
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