Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Nifty Futures Extreme Negative Sentiment – Short Term View

45 sec read

Nifty futures trading negative for the 9th consecutive day and one timeframe as well. And Quickflip continues it short signal for a 6th consecutive trading session on a 5min timeframe which is by any means overextended and the extreme sentiment indicator closed extremely negative.

Quick Flip resistance comes around 11235 levels. Any acceptance above 11235 could bring potential short term uptrend towards 11285 and 11345 levels.

Nifty Futures – Monday started with a gap down followed by a reverse pullback rally. Later part of the session intraday traders started competing till the mid of the day and the day ended with a late last 45min spike. More aggression has seen from the buyers liquidating their positions.

Nifty Dynamic volume Profile

Whereas the recent sell-off is completely driven by short term sellers followed by inventory getting short to too short. VPOC reference comes around 11336 levels. Which is one of the key reference level to watch out on the upper side for any meaningful revisit.

India VIX is maintaining above 27 and the India VIX is expected to hold for this week. Intraday volatility in Nifty is exceeding more than 100+ points almost every other day. Immediate risk in holding shorts are there. Any acceptance above Monday spike base one could see a meaning full bounce towards Volume Point of control 11336 levels.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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One Reply to “Nifty Futures Extreme Negative Sentiment – Short Term View”

  1. What is the main reason you think about Nifty futures going extreme negative?

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