Will be presenting a webinar on How to use Bell Market Profile Pro (New Features) and how to analyze Nifty and Bank Nifty Futures using Market Profile and how to take advantage of new Market Profile features in Ninjatrader 8 platform.
Both NSE & BSE received approval from SEBI to launch Cross Currency Derivative Pairs EURUSD, GBPUSD, USDJPY. The trade timing in pair currency contracts would be available between 9:00 AM and 7:30 PM.
When markets are surrounded with rumors and fake hoaxes its always good to take a bird eye view to understand the trading competition in a better way. From the EOD charts Strong ORR 10343 levels acting as a strong demand zone on EOD closing basis. Responsive buying came whenever price dipped below 10340 levels and managed to close above/around 10340 levels.
Nifty Futures opened within the range on Monday and managed to break Fridays low in the first 30min of trading and tested 10300 levels post the mid noon. Post testing below 10300 managed to recovered towards the Developing Point of Control. Trading sentiment is negative and value formed lower for the day relative to Fridays trading session. PSU Bank scam sentiment weigh the day, puts more downside pressure on the price.
Cash Secured Puts is a simple way to acquire stocks for investment at a lower price than the current Market Price. It involves selling out of the money put options and simultaneously holding enough cash to purchase the stock at lower price.
Just 4 more trading days left for the February expiry series to come to an end. So far this expiry is brutal to the small cap and midcap investors. Lots of dumb longs got flushed out of the system and some more still pending to get flushed out. Media Channels are fear mongering on banking scams. If your mind is biased it is better to cleanse with top down approach.
Nifty Energy is in a one way street since the start of Sep 2015. Almost 100% return in the Energy index since then. Since mid of Oct 2017 Energy index is consolidating in a broader band of 13750-14670 range. Momentum index is on a continuous decline in the last 4 months indicating lack of interest from the market participants. Lack of momentum inidcates long term serious money is missing in the last 4 months.
Yet another high volatile day in the market with two sided auctions. Price opened above previous day spike and went testing the Thursdays failed auction reference level 10586. Later on price traded in a compressed ontimeframe against the IB direction more of day timeframe players participation with stops built at day high.
Nifty Futures opened within the range on Wednesday Morning followed a breakout towards previous day high in the first 30min of trading. Post breakout, compressed two way auction continued throughout mid of the day, filled with intraday choppiness. Trading confidence was relatively less. Value remains higher throughout the day though price plunged in the last 30 minute of trading and spike rules applies on thursday trading session. Day also ended with Failed Auction at day high – 10587
Nifty Futures opened gap up on Monday Morning followed by two way auction continued throughout the day filled with intraday choppiness. Trading confidence was relatively less as the opening auction turned out to be open auction outside the range. Value remains higher throughout the day price manage to sustain above 10480 levels.
USDJPY currently trading around 108.71 with relatively thin volumes as Japanese markets are in holiday and despite rising US Markets and 10-year note yield now at 2.90%, surpassing last week’s 4-year high. trading higher USDJPY pair is little changed from Fridays closing.
Last Friday, Indian bourses NSE, BSE & MSE decided to cancel licensing agreements for providing indices and securities-related data feed services to any foreign exchange or trading platform. It have taken a joint initiative to stop trading of derivative contracts based on Indian indices on overseas exchanges. It is a move to stop migrating liquidity to overseas exchanges.