Rajandran R Follow 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 – August overview – III

August 18, 2013 16 sec read

Nifty Futures Hourly Charts

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.

Nifty

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2 Replies to “Nifty and Bank Nifty futures – August overview –…”

tushar says:

August 26, 2013 at 4:59 pm

Nice observation
Pranshu says:

August 27, 2013 at 6:22 pm

What SAR trendline have you used on your first two charts? Not Parabolic SAR is it?

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2 Replies to “Nifty and Bank Nifty futures – August overview –…”

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