Nifty Hourly Buy signal more recently turned to sell once again after breaking the cloud support 6130. Now Hourly Cloud supports are at 6175-6217 zone.
Few of the marketcalls readers requested for the Ichimoku Cloud charts setup in Chart Nexus. Chart nexus is a free EOD software for NSE/BSE EOD with Auto EOD update feautre. And it is highly recommened for the one if you want to do start basic analysis with basic indicators like RSI, Moving Averages, Oscillators and Basic Momentum indicators
Atlast after my lazy days i had configured IEOD database in my Amibroker software. Let have a check with the shorter term charts of nifty. Here we are not trying to predict anything from the charts rather just following the rules of the trading system
Ichimoku Cloud Charts along with Buy or Sell Signal are shown for Nifty Daily Charts. Little Bit Optimisation has been done to reduce noise and to catch Earlier Signals in any kind of trade. Buy or Sell Signal added to the code as many of them still confused about the simply logic rule about the trading signals.
Hourly sell signal in nifty continues with cloud resistance 5462. GANN Supports/Targets are at 5370-5375 zone and 5180-5200 zone.
Nifty hourly mode turn from sell to buy mode with hourly cloud support at 5410
Question : Can i trade in options of these 50 scrips using cloud only , will it be profitable to do so ? should i use hourly or daily charts for the same .? thanks in advance. – Jitin
Nifty hourly mode today turn from buy to sell mode. As of now the hourly cloud resistance are built near 5420-5425 zone. Bearsish call writers had
successfully dominated the 5500CE in July series
Nifty maintains the hourly buy mode since 22nd July 2010. Hourly clouds are near the 5419-5427 band. Reverse longs only if the resistance band got broken on hourly basis otherwise shorts are not recommended.
Nifty maintains the hourly buy mode. Hourly clouds are still near the 5380-5390 band. Reverse longs only if the resistance band got broken on hourly basis otherwise shorts are not recommended.
Nifty maintains the hourly buy mode. Hourly clouds are still near the 5380-5390 band. Reverse longs only if the resistance band got broken on
hourly basis otherwise shorts are not recommended.
Nifty hourly movement is very tricky in progressing a down-trendy wave more in a sideways fashion.
Current hourly downtrend will terminate above 5280 on EOD basis. Reverse your shorts only above 5280