Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and Bank Nifty Future August Outlook

20 sec read

Nifty Pos

 
Nifty and Bank nifty is in sell mode for a very long time in the hourly intratrend charts. Currently the resistance zone is coming around 5846 and 10415 respsectively. Also the stochastic momentum indicates very extreme readings in nifty and likely a turnaround from the bottom lows. An increasing stochastic momentum on nifty hourly charts suggest a recovery from a bottom. It is advisable to track stochastic momentum at current levels to identify bottom formation and can play the reversal in small quantities of long only if the stochastic momentum(35,3,3) increases on the hourly charts.

Bank Nifty Pos

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and Bank Nifty futures September Overview – III

Nifty and Bank Nifty futures hourly charts are maintaining the buy mode. Currently the supports zone comes around 5799 and 10000 respectively. Reverse to...
Rajandran R
14 sec read

Nifty and Bank Nifty futures September Overview – II

Nifty September futures is in positional buy mode last thursday and currently the support zone comes near 5290. Bank nifty futures turned to positional...
Rajandran R
46 sec read

Nifty and Bank Nifty September Futures overview – I

Nifty september futures turned to positional buy mode and currently the support zone come near 5264 zone. Reverse your position to positional shortly if...
Rajandran R
38 sec read

2 Replies to “Nifty and Bank Nifty Future August Outlook”

  1. i am senior citizen aged 73 yrs interested in nfty/bank/stock futures with minimum loss could you be helpful
    yours
    pasmudaliar

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More