Rajandran R FollowTelecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Nifty Weekly Charts and 90 min Trend Updates
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Nifty 90 min Charts
Nifty and Bank Nifty are in Buy mode since last friday. And both the instruments are firmly trading above 200MA on the 90 min timeframe. Nifty the trailing support zone is updated to 5355 and 10442 i.e 200MA. Any break of this zone on 90 min timeframe then Profit booking on longs is advisable.
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Bank Nifty 90 min charts
Nifty Weekly Charts
On the weekly charts nifty is osciallting between 5EMA High and 5EMA low zone for almost 6 weeks. Closing above 5370 i.e above 5EMA High is bullish signal for delivery trading in stocks.
Rajandran R FollowTelecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
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One Reply to “Nifty Weekly Charts and 90 min Trend Updates”
So the Instruction is clear. Positional Exit from Longs.
So the Instruction is clear. Positional Exit from Longs.