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 SDA2 EOD trend trading charts

18 sec read


Nifty is in buy mode on EOD charts since May 27 as per SDA2 trend trading strategy with trailing supports lowered from 5447(as posted earlier ) to 5425. Still Put writers
are active in 5400PE as there is higher open interest built up in current option series. Traders can remain in long positions as long as nifty holds 5425 on EOD basis. Position should be reversed to shorts if nifty closes below 5425 on EOD basis which could trigger sell signal on the EOD charts.

 

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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