Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Analysis : High Probability Long in Nifty Futures?

30 sec read

Nifty Futures Daily Charts – (Continuous Contract)
High Probability buy

Nifty Daily charts shows that very recently 10 day auto correlation turned positive and the smooth RSI oscillator indicates trend strength is accelerating. And hourly charts also turned to positional buy trend with hourly supports coming around 8671. One has to exit their long if the autcorrelation turns negative or the Smooth oscillator turn down below 50 on EOD basis.

Nifty Futures Hourly Charts – Non Continuous Contracts

Nifty Futures Hourly
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Nifty Options – March Expiry

Nifty Options shows 9000CE holds the higher open interest. Since it is the start of the series it is tought to preassume that 9000CE writers are in control. However one has to have a close eye on the development of OI in 9000CE. Any open interest covering in 9000CE will bring big movements in Nifty on the upperside and vice-versa

Nifty OI

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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4 Replies to “Analysis : High Probability Long in Nifty Futures?”

    1. Currently none of the strategies used by us are not target based strategies. Ride the trend or Exit when the reverse condition matches.

  1. Has anybody noted market participant have created a big “W” in bank nifty charts and other counters. They are enroute to create another small “W” before april results.

    What do you think.

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