Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
JP Associates – Trend Watch
23 sec read
Stock : J.P Associates
CMP : Rs 133.9
There is a low risk buying oppurtunity in J.P associates for shorter term with stop loss of Rs128 on EOD basis as there is a buy signal on the EOD chart.
If J.P associates sustain above the ichimoku cloud on the weekly charts i.e Rs 136 for the current week it can be carry forwarded for medium term gains with stop loss of Rs 124 on WOW basis
Trade is simply based on the expectation of the Trading system and not on prediction based.
JP Associates Daily chart
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JP Associates Weekly Chart
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
When you first approach trading Nifty futures or options, the idea of scalping just a handful of points—say, 10 points—might feel like a straightforward...
stopped out! I think this is best to be traded in 124-138 range.