Rajandran R Follow Telecom 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 Pharma does 200MA Hook Reversal and Responsive Coppock Turns Positive

December 2, 2018 23 sec read

Last time Nifty Pharma rejected around 10700+ levels. Interestingly this time both short term and medium term view sentiment shifts to a positive mode which brings a positive outlook into Nifty Pharma sector. More likely this time 10700 is likely to breach this time.

Volatility during Oct and Nov month got settled down post the September volatility spike. Possibly a short-term bottom can be anticipated here with immediate support comes around
9120 levels. Responsive Coppock indicator is holding positive since Oct 2018. Probably a good zone to look for short term investment bets in Pharma stocks. Here is out past extreme sentiment analysis on Nifty pharma – 6 Reasons Why Nifty Pharma Will Make 50% upside from here.