SEBI in their circular has mandated compulsory delivery of F&O position open on expiry of these 46 stocks for July expiry. Currently, traders leave their F&O position open on expiry for cash settlement. Wherein, either the profit is credited to their account OR the loss in debited from their account.
Here are two interesting and similar trading setups which help positional traders in spotting very high probability and very high risk-reward ratio using market profile. this tutorial explains how to understand the context of High probability trend exhaustion using short-term inventory conditions and the exponential trading odds with lower risk trade setups
Starting your own algo trading can be both rewarding and challenging at the same time. The joy of starting something on your own and which trading on its own with a set of trading rules and zero human intervention is something that most of the traders love to have it.
Nifty Futures inventory went long to too long on last Friday. At the Monday open, trading confidence is initially low. Trading confidence is low even after the initial – 2 day breakout with a partial gap fill. However during mid of the day,, one timeframing against the Initial Balance direction is where exactly high confidence sellers started taking control and pressed the price towards the Prominent POC of control 10940 levels.
Here is the recorded video on how to create custom indicators, scanners/exploration, trading strategies, Signal Generation , Performing Technical analysis and even test/validate your trading models. If you want to learn Amibroker and AFL Programming Language one step better then this course is for you. Currently access is limited to Amibroker AFL Programming online webinar participants.
I guess Nifty is in a make or break zone as the higher timeframe range is getting tighter & tigher. The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war”. Despite the negative news factor, Asian markets (China, Hang Seng) recovered the early losses and closed positive.
Nifty Futures trading in 10600 – 10900 range and this range is getting even tighter possibly 10700 – 10900 in the near term as the call/put writers are writing at tightly packed zones. When Comes to Nifty Futures Index short stops are hunted in a phase manner. And more short term stop clusters are in the zone from 10790 – 10850 levels. Short term sentiment maintains positive for last 5 trading sessions.
Here is one of my Signature trades using market profile and how one can look through the trade setup for a potential short covering rally especially when we are dealing with negative global emotions . On Wednesdays trading most of the Asian Markets are down due to the trade war tensions and the previous day US Markets slides to negative. The most interesting part was 4th July US markets are closed for Independence day.
Here is a simple Amibroker AFL code snippet which tracks the last trade price with a dashed horizontal line at LTP. It could be useful for the people who wants to know where the current market price is trading relative to their support/resistance/some other reference levels.
High Volatile Choppiness is the name of the game being played in Nifty. Since 25th of May lack of serious buying and lack of serious selling is witnessed which is keeping the market in a range despite Chinese market crashing and emerging market currency crisis. Local currency USDINR too touched all time high and currently around 68.74
Bank Nifty Futures sellers are in control however momentum sellers are clearly missing from the market. Hourly support comes around 26206 levels. Throughout the June month bank nifty futures is trading in a 1000 point range and the momentum is falling for most of the banking stocks. Only Few stocks like HDFCBANK, Kotak Bank, Yes bank and rest all from the Bank Nifty pack is showing declining momentum.
How do we understand that smart money is getting out of their shorts? and how the dumb crowd get trapped into it? Here is the high probable trade setup using market profile which explains the context of inventory getting short to too short and the potential risk in holding trade in line with the emotional players.