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 turns to Buy Mode on daily chart

7 sec read


Nifty turns to buy mode on daily chart with trailing support coming near to 5388-5400 zone. It is to be noted that the last sell signal on daily chart came around
07 Jan 2011

 

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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3 Replies to “Nifty turns to Buy Mode on daily chart”

  1. Hello,

    Since you’re using ichimoku indicator in the above Nifty chart, the indicator does not give buy signal yet. Ichimoku indicator gives a lot of importance to Chikou Span (CS) and it is still below kumo. It needs to cross kumo to get buy signal. Till, then the buy signal gives by price movement or TS/KS cross is incomplete / false signal.

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