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 Poised towards the Support zone 5250-5270

13 sec read


 
Put writters had atlast given up by covering the open interest in 5400PE . Nifty had resisted exactly near to the resistance zone 5435 and now its towards the first support zone 5250-5270 continues. As of now 5600CE holds the higher open interest. Breaking the first levels of support could lead nifty towards the second level of support zone 5171 on the EOD timeframe.

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.

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One Reply to “Nifty Poised towards the Support zone 5250-5270”

  1. Support easily broken, never looked like support, please don’t consider me as your critic πŸ™‚
    just doing analysis of what you said …so that it will help you πŸ™‚ I am visiting your board after long long time …
    I know you might have invested lot of time and knowledge, but sometime it just shocks you πŸ™‚

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