Nifty and Bank Nifty 90 min charts are shown. Nifty is continuing its sell mode with cloud resistance coming near 5264 and 200MA resistance at 5299. Its better to take positional long above 5300. And Bank Nifty is still in Buy mode and trading very close to the cloud support and 200MA support 10326. Breakdown warns trend reversal in Bank Nifty.
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 update for 17th Apr 2012 Trading
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