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 – II

46 sec read

Nifty Futures Hourly
Nifty Futures Hourly

 
Nifty September futures is in positional buy mode last thursday and currently the support zone comes near 5290. Bank nifty futures turned to positional buy mode last friday and currently the support zone comes near 8695 respectively. Reverse your position to sell mode if the support zone breaks on the hourly basis.

Bank Nifty futures Hourly
Banknifty Future

Nifty Weekly Charts
Nifty Weekly 5EMA  high low

On the nifty weekly chart as per 5EMA high low strategy nifty spot is currently in sell mode for the past 5 weeks. And this is the first time nifty closes above the 5EMA(low) line which indicates nifty could be range bound between 5EMA(low) 5368 and 5EMA(High)5664. And any closing below 5664 on weekly basis could invite long term uptrend and move below 5368 on weekly basis will once again resume the downtrend.

Bank Nifty Weekly Charts

Bank Nifty Weekly Charts

On the bank nifty weekly chart as per 5EMA high – low strategy banknifty spot is currently in sell mode for the past 13 weeks. And this is the third time bank nifty closes above the 5EMA(low) line which indicates banknifty could be range bound between 5EMA(low) 9193 and 5EMA(High)10085. And any closing above 10085 on weekly basis could invite long term uptrend and move below 9193 on weekly basis will once again resume the downtrend.

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

Leave a Reply

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