Infy Spot 15min charts shown above. Currently infy turned to positional buy mode with Huge Surge in the Volumes at last hour of Trade. CMP : 2404 and the Current Trailing Stop Loss comes around 2272. Similar Patterns is observed in futures market also with huge surge in volume. Exit your longs if the trailing stoploss hits on the 15min charts on the close of candle below 2272 on 15min closing basis.
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)
Infy Spot : Positional Strategy
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