Nifty Futures on Monday Trading Session turned down which brings the short term trading sentiment down with strong liquidation. And also Tuesday session opened with a gap down and later price started balancing and accepting down below 12220 levels (one of the major support zone for this series)
Last week nifty futures completely entered in a sideways mode. The entire 5 trading sessions ended up in range-bound price action between 12318 – 12412 levels. Too many short term buyers competed in the last three trading sessions building a short term support band in the range of 12318 – 12340 levels.
This Thursday we are going live in our trading room using Market Profile & Orderflow tools and will present about how to prepare for Thursday trading session in an unbiased manner. And will be providing deeper insights on Nifty and Bank Nifty Futures and Options Trading & the underlying trading sentiment associated with that day.
Nifty Futures quickly recovered from US-IRAN tensions which were impacting the market mood in the short term. However, it quickly recovered on Thursdays trading session and managed to close with a double distribution with a single print reference at 12220 levels.
Nifty Futures last Monday reacted to the US-Iran Tension with a strong liquidation right from the beginning of the trading session. Price too broken outside the short term balance and accelerated downward and the negative sentiment continued.
After 13 years of my trading here are my inputs about how market profile differentiates from the classical technical indicators and how market profile generates information that helps traders to understand the market conditions better than traditional tools.
This is my first article for this decade. It is always to start this decade fresh and so comes the handy top-down analysis where we start with monthly timeframe charts and then move to a weekly and daily timeframe to get a perspective and feel about how the other timeframe players are positioned in the market.
Nifty on Thursday expiry day ended with a late spike in Nifty futures with emotional sellers pushing the price down below the value area low with immediate resistance around 12230 levels in Jan 2020 expiry series.
Nifty Futures trading sentiment turned negative one day before Dec 2019 expiry. Though lower volume persisted for the last three trading sessions with not much aggressive participants before the holiday season to begin.
Holiday seasons are nearing and also the Dec 2019 expiry. We have three trading sessions left for the expiry. Last Friday Nifty formed back to back failed auction with G2 Low reference. This is an indication that a trader has to change his approach and possibly the view about the markets.
Too many short term emotional buyers are speculating in Nifty Futures in the last two trading sessions by buying every mico dips in Nifty Futures. Though the short term auction is still on the upper side for the last 7 trading sessions. Short term risk in holding positional longs increased in the last two trading […]
Nifty Futures on last Friday trading session done a 6-day breakout which also brings the short term trend to be in the uptrending mode. More trading signatures of short term players piled on Friday trading session from the intrabar halfback references and weaker lows on last Friday trading session.