Both Major macro announcements GDP & RBI Monetary Policy Announcement is over. At this point markets reacted moderately negative to both of the macro events. And to everyone surprise, RBI kept the Interest Rate unchanged.
In this Option Hydra – Market Profile live trading room, we discussed how to approach an event trading day like RBI Policy announcement and How to spot immediate support/resistance for short term trading. How to understand the market context & associated traders’ behavior.
Nifty Futures on Tuesday trading session rejected the Monday Prominent POC and broken two day low. And Short term trend reversal is witnessed with overhead resistance around 12120-12140 levels.
Gold has been trading in a sideways mode since Aug 2019 and it been 4 months of sideways price action. However, Friday rally in Gold brings a potential trend reversal with short term trend & Trading sentiment turning positive.
Listen to our live trading room this Thursday and learn to understand the market and how to prepare for RBI Policy meet on 5th December 2019 which is expected around 11.45 a.m
Nifty Futures on long liquidation phase on the first half of the Friday trading session and the second half is more focused on balancing around 3 days low. The day ended with a failed 3-day break and the price managed to close above the single print zone 12080 levels near to EOD.
Nifty Short term trend continues to be in a positive zone with an immediate single print support zone comes around 12080 and 12125 levels. However first week of December series is likely to be a cautious uptrend as macro events like GDP Announcements & RBI Policy announcements are nearing
As discussed in the Option Volatility Strategies Webinar, Long Straddles option strategies are not frequently used trading strategies due to the nature of premium decay in options. Long Straddles can be initiated when the trader is expecting a sudden surprise price action (most during events) or strongly implied volatility pickup, Near to Expiry with potential Gamma price action moves.
In the past, we discussed about Different Market Profile Structures. Generally, most of the traders who study market profile for the first time they get little excited about the profile distribution patterns and start anticipating or predicting what profile distribution day it could be. This is a wrong approach as Market Profile is more of a visualization tool to understand the market participant’s behavior and to learn the ongoing auctions from the way profile structure is getting formed.
Join our Market Profile live trading room this Wednesday and get to know the basics of how to prepare for the Trading day and how to monitor trade setups.
Volatility is Dead in November. The intraday trading range got drastically reduced throughout the days of Nov 2019 series. Could be frustrating most of the directional traders. 10 Day ATR of Nifty Futures is at the lowest level for the year 2019. Will the volatility ever will revive? This post will try to study Nifty Futures volatility and understand volatility compression and expansion and how it helps traders to stick to reality.
Is this community webinar we discussed Market Microstructure Basics to understand how the retail & Institutional orders are sent to the exchange, Trading infrastructure, Understanding of DMA & HFT Access.