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.
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
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.
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.
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.
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.
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.
It is a fierce rally since the start of the June month in ES-Mini Futures (US Market). However, if you look from the Big picture perspective ES-Mini made an All time high at 2961.25 and it is a failed breakout from the previous All-time high levels 2947.