Ideal Nifty trade for 18 Jan 2010
[1/17/2010 11:50:00 PM | 2 comments ]

Nifty 5300CE Jan 2010 Series have high Open Interest builtup. Which shows that 5300 Calls are 
being written. At the same time, Market Breadth is fine.Both 5 and 20 day ATR AT 61. which shows that
market is lacking both fear and greed. Still now the supports are not yet broken. 

Ideal trade is not to short nifty until it closes below 5EMA line(i.e 5245) on EOD basis. Just trade with the flow.

2 comments

sriganeshh said... @ January 19, 2010 at 9:55 PM

Rajandran,
hope u r back. How was pongal celebrations. Missed pongal flavor and also book exhibition at chennai...
If time permits, pl.explore fibo trader and help in database setup...
features seems to be good for eod analysis...

sri

Rajandran said... @ January 20, 2010 at 7:57 PM

@Ganesh,
Yeah Enjoyed the pongal celebrations and
Will try out in exploring the fibotrader Eod Setup

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