Nifty and Bank Nifty is in buy mode since monday morning. Today though nifty tested the intermediate support levels but it maintains above EOD basis. Currently intermediate support levels are at 5189 and 10302 respectively for both nifty and banknifty. One can exit positional longs if the intermediate support breaks 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 spot charts for 1st Aug 2012 Trading
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