Rajandran R FollowTelecom 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 futures – August overview – III
16 sec read
Nifty Futures Hourly Charts
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Nifty and Bank nifty turned to positional sell mode on last friday during the second hour of the trading. Currently both nifty and bank nifty resistance come near 5709 and 9991 respectively.
Bank Nifty Hourly Charts
Nifty Spot Weekly Charts
5 EMA – High low strategy on the weekly nifty spot shows the intermediate weekly resistance at 5612. So any close above 5612 on weekly closing could bring potential reverse on the buy side.
Rajandran R FollowTelecom 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)
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2 Replies to “Nifty and Bank Nifty futures – August overview –…”
Nice observation
What SAR trendline have you used on your first two charts? Not Parabolic SAR is it?
Nice observation
What SAR trendline have you used on your first two charts? Not Parabolic SAR is it?