Nifty Futures is tested an intraday high of 10924. Trading sentiment was getting into extreme which possibly indicates overbought levels.
Nifty futures holding its buy mode for the last 4 trading session with quick flip support coming around 10803-10814 band. The trading focus is positioned on the bullish side with possible expectation around 10880 levels and 10930 levels.
Bank Nifty turned to positive buy mode with immediate quick flip supports coming around 26216-26246 band. As long as the support band holds momentum is expected on the upper side in the near term with 26449 and 26732 levels in near term.
This tutorial explains how orderflow helps traders on a risk event trading days like Election results day. It also explores how most of the emotional traders react to events like Election result day and how traders can understand the liquidity flow, where momentum exhaustion & momentum happens using orderflow charts.
Orderflow is a visualization tool to understand the flow of bid and ask orders (market orders). Orderflow explains what aggressive buyers or sellers are doing in the market. It helps you to get the microscopic view inside the candles to understand how the buyers and sellers behave.
This tutorial explores the basic difference between range bars and renko bars. Both Range bars and Renko bars are timeless charts . Both range bars and renko bars use only price into consideration while plotting and keeps time and volume element outside.
WTIC Crude is showing signs of strong momentum on Friday it is up by 4% during the U.S session. Since 22nd Nov 2018 crude is trading in a consolidation band of 50-54 range with couple of times testing the psychological reference zone 50 levels. And now price is trading in the upper end of the consolidation with stronger momentum which indicates potential higher prices in the shorter term.
Here is a live case study in Bank Nifty which explains the season behavior which provides exponential odds when comes to trading bank nifty. This tutorial explains how to understand the market generated information presented in Bank Nifty and how to convert that information into trading odds.
Nifty futures is showing extreme indications with quick flip currently in sell mode. Resistance upgraded to 10667 band. Price holding above 10667 could bring a possible test towards 10725 levels and 10800 levels.
Open Range Breakout is a simple strategy which monitors first 5min / 15min / 15min / 30min / 60min range from the start of the market. From the opening high range and low range is calculated for the specified timeframe. Most of the AFL code found on the internet is either buggy or not suitable for building back-testable trading systems. To solve this issue we are releasing a prototype for ORB – Open Range Breakout Levels. On top of this indicator now traders can built backtestable trading systems.
Nifty Futures is continuing its uptrend and approximately made 4% in the last 6 trading sessions. Immediate supports are coming around 10910 levels. Price sustaining below 10910 levels could bring a short-term downtrend towards Friday low i.e 10857 levels. Currently, quick flip uptrend on 5min charts is almost more than 1800 trading minutes old which is an outlier going by historical stats of quick flip holding period
Last time Nifty Pharma rejected around 10700+ levels. Interestingly this time both short term and medium term view sentiment shifts to a positive mode which brings a positive outlook into Nifty Pharma sector. More likely this time 10700 is likely to breach this time.