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 Weekly and Hourly Technical Analysis charts – Updated

19 sec read

Nifty Weekly Charts
Nifty Weekly

 
On the weekly charts as per 5EMA high-Low strategy nifty is in sell mode for the past 7 weeks. And the RSI(2) and CCI(4) indicates oversold levels in Nifty Spot Weekly charts. and 5EMA Low at 5824. Nifty closing above 5824 on EOD basis will bring positive bias for the uptrend reversal.

Nifty Hourly Charts
Nifty spot

Nifty hourly chart is in sell mode since 31st May 2013, Currently the resistance zone comes close to 5830. Overall it is better to reverse your position to long only if nifty trades above 5830.

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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9 Replies to “Nifty Weekly and Hourly Technical Analysis charts – Updated”

  1. Dear Sir,

    In my charts in hourly it is showing buy at 5776.2 in nifty spot. Am i wrong

  2. Good evening Sir.. I am long on Nifty futures using spot price from 5707 with SL at 5668 and tgt at 5870. your views pls.. thanks

  3. Dear Rajendran ji,

    verry nice for showing the Nifty/comodity graph levels on your portal,

    we/our groupappreciate it/like the showing levels (intraday)-very accurate.

    I am regusting u that we are the 8 industialist(Havin all steel production units-every one) but we are online traders group besically from Aurangabad(Maharashra)/we work intraday purely/on Bulk Lot size/on very low Brokarage-in our registered Broker House–for our self (we dosen’t take cliant/other money)-we work for our own money/-We make a stratagy for gold/nifty as well as for crude—-to book the points more than currently 100 points in golg/nifty 25/30…& crude 45/50 points daily…..we are searching the good analyst paid parties /companys/who maintain the accuracy on good observation on exchange DATA……waiting your reply…..R.s.patil(09673787266)

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