Nifty is still trading in a 10500 – 10640 consolidation range where quick flip strategy turned to sell mode around 10587 and it continues to be in the sell mode with immediate resistance coming around 10510 – 10523 band in a very short term. Momentum selling stays as long as price stays below 10510-10523 band stays. The Next destination target is to look 10350 levels.
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Monitoring Market confidence is a day to day routine practice for intraday and short-term players to determine how confident the participation are. This video tutorial explains how to spot market confidence using market profile, how strong/weak participation can be spotted using visual rules in an objective manner. And how to apply these visual rules for any asset class (stocks, futures, indices, bonds, cryptos ) for short-term trading. It also explains how to combine Market Confidence with Trading Inventory, Short term/Intraday nuances which further adds odd based thinking when comes to trading.
Quick Flip continues to be in positive mode since 31st Oct with immediate supports coming around 10610. Momentum continues in the market as long as Nifty holds above 10610. If one has to trade the weakness, a sustainable move below 10610 is required that could trigger the downside key reference levels 10500 and 10345 levels in Nifty Futures in short term.
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Nifty Futures quick flip is continuing its uptrend since 31st Oct 2018 onwards so far current buy signal completed 6 trading session or 1785 minutes. Comparing with the historical holding period (2011-2018) for Nifty futures quick flip had 74 occurrences out of 1142 trade where its holding period exceeded beyond 1750 minutes.
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Nifty Futures quick flip is in buy mode since 31st Oct and more amount of time is spent in that signal. Current immediate resistance comes around 10615 levels with a possible short-term move towards 10480 levels. For any positive momentum to occur price need to scale back above 10615 levels. Daily Trading sentiment holds positive.
Is there a way where one can identify market regime shift from low volatility zone to high volatility zone and vice versa? How I can identify stocks with increasing volatility? Is there a way one can identify the regime shift in volatility? These are the bugging question from many short-term traders.
Mass sectoral positive change is witnessed on Monday’s trading session across daily and weekly timeframe. The positive sentimental change reflected in most of the sectoral indices on daily and weekly timeframe except FMCG sector on daily timeframe and Nifty IT, Nifty MNC, Nifty Metal on the weekly timeframe. Sectoral Indices – Daily Interesting facts are […]
Nifty Futures quick flip is currently in sell mode with immediate resistance comes around 10103 and 10132 levels. The strategy remains in positional sell as long as both the resistance level holds. Breaking above 10132 quick flip could switch to positional buy mode targetting 10400 levels. Trading sentiment holds negative on the daily and weekly timeframe. Any positive flip requires nifty to sustain above 10103 levels.
Market Generated Information is the key to better market understanding which tracks what out competition is doing and how dumb they really are. This tutorial explains how we can understand the market behavior with emotional players and how to they react and how we can spot them using market profile. As always market profile is not a trading strategy but a completely a different way of looking into markets, in fact, I call it as radical thinking.