Now in the newer version of Ichimoku AFL code we replace the cloud with the trailing stoploss alone so that one can easily identify the current training stoploss and it helps them in better decision making. Also the Dashboard make it even better.
Nifty and Bank Nifty are in buy mode since 9th Mar 2012 on the 90 min charts with cloud resitance coming around 5298 and 10370 respectively.
One of our Favorite Strategy to predict long term bull market with minimal risk is 13-13 Wilders Moving Average Channel offset trading system is applied to Nifty weekly chart and interestingly nifty has turned to buy mode(Nifty is in sell mode since Jan 2011. i.e almost more than a year). Also i would like to bring more attention our ichimoku trading system on the weekly charts as nifty had turned to buy mode last week on the weekly ichimoku charts
Nifty and Bank Nifty is in buy mode for more than a fortnight now and is still in buy mode with the supports coming around Rs.4919 and Rs.8986 respectively.
MCX Gold Ichimoku 90 min charts are shown with sell signal since 13th Jan 2012 with resistance coming around Rs27603 which also matches currently with 200 day MA average. Also currently MCX gold is hovering around 200day simple moving average for a long time with a falling ATR suggest range bound market for some more time with slowly moving trend.
Both Nifty and Bank Nifty are in buy mode with the supports coming around 4798 and 8641 respectively.
Finally there is a relief rally of 3% rise in Nifty from the bottom. On the Ichimoku 90 minutes charts, both nifty and bank nifty broke the cloud resistance and turned to buy mode with supports around 4735 and 8460 respectively.
The International Gold is nearing the major support zone ($1685 – $1695) on the Daily and Weekly weekly timeframe. On the daily charts ichimoku cloud supports are near 1685 zone and on the weekly charts ichimoku supports are near 1695 zone. Breakdown below this support zone could warn major/long term trend reversal in gold.
Nifty at deadly hourly supports but still with longs. Go short for 50pts on nifty only if nifty breaks 5985-5990 zone on hourly basis otherwise only longs are preferable
Nifty Ichimoku charts are with sell signal since 12th Nov with trailing stop loss of 6082
Nifty remains with the sell signal with resistance coming near 6110
Nifty Hourly sell signal continued for the third day and the trailing stop loss updated to 6134. While trading with Optimized Ichimoku Trading System the following things needs to be taken into factor