Trading money is a webinar on how to build context using market profile and orderflow and how to use to those context to understand how other market participants are positioned and how one can use those information to prepare for the upcoming trading days in Nifty Futures and what one can expect from the market generated information.
Indian Finance Minister Nirmala Sitharaman announces corporation tax rate cuts and slashed to 22% (effective rate 25.17% including cess and surcharge) and that’s the Internation news, probably the most favorite talk among the media, traders, investors, promoters and almost every market participants this weekend.
The current sideways markets running in Nifty Futures is almost 48 days old. And consolidated between 10800 – 11145 levels most of the time.
Geopolitical tensions escalated following the drone attack on two Saudi Aramco installations Abqaiq and Khurais. Yemen’s Iran-allied Houthi rebels have claimed responsibility warning Saudi Arabia that their targets “will keep expanding”.
Whipsaws are quite common in a nontrending market especially when the competition is poor from both buyers and sellers. This usually happens when only trading money competes rather than a strong investing money.
Extreme negative sentiment is witnessed around the closing of Tuesday’s session. Nifty Futures is down by -2.3% with a late emotional sell-off.
Nifty Futures went into sideways mode for the last 5 trading weeks in a high volatile fashion between 10800-11200 majority of the time and been sliding down continuously for the 9 trading weeks Since the Budget announcement.
Nifty Futures opened gap down on Friday morning trading session and went initially lower followed by the counter trend reversal of almost 225 points from the fresh swing low.
This time it is Argentina Merval Index. On 12th Aug 2019, Merval Index collapsed more than 34% post-Argentine election surprise. The argentine stock market moved lower by 11% soon after trading opened for the day
Here is a community webinar (61 mins) where we discussed this week about the nuances of last week activity and the short term references causing the markets to bring high volatile upside as well as downside moves. The discussion was made primarily on Nifty Futures and Bank Nifty Futures.
In the midst of ongoing trade war tensions gold, this week had captured the psychological mark 1500 USD and trading around the overhead resistance zone 1520-1525 levels. Gold rallied and broken the 2014 year high from bottoming at $1,045 in December of 2015
Nifty Futures made a one-sided journey from 12000 levels to 10800 levels during July -August series. A day before RBI Policy announcement there is a marginal bounce from the lows when the entire global markets are bleeding on the trade war news sentiment.