Nifty is trading in the rangebound zone 5300-5400 for the past three trading session and bank nifty is holding above the psychological level above 10,000 for the past 4 trading sessions. On the 90 min ichimoku charts both the Nifty and Bank Nifty 90 min charts are still in buy mode and trading close to the cloud support zone 5316 and 10093 respectively.
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 9th Feb 2012 Trading
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