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 Daily and Weekly Chart Analaysis

19 sec read

Nifty Daily Charts
Double bottom is visible on the Nifty daily charts near 4750 zone also the put writing in Oct 4700PE option series suggest that 4700 could be a strong support zone for the current series.


 
Nifty Weekly Charts
Applying 5EMA(High-Low) indicator to the Nifty weekly charts we could infer that 4806 is the resistance for the current week and any close above the 5EMA(Low) i.e above 4806 by tommorow could target the 5EMA(High) zone. i.e a chance of retesting 5000 zone once again.

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...
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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...
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38 sec read

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