Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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

 
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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Extreme Exhaustion in Bank Nifty Hourly Charts

Bank Nifty futures as of last Friday made a low of 35642.6 with extreme indication - signals momentum exhaustion on the hourly timeframe as...
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24 sec read

Nifty Hedged Futures – October Series -Long Liquidation Odds?

Nifty hits 18000+ levels on an intraday basis. However, the second half of the day price managed to drop from the intraday high and...
Rajandran R
45 sec read

Nifty Hedged Futures – October Series -Short covering Odds?

Nifty Futures ended negative as on last Friday and despite trading sentiment maintained negative price however managed to pull back from the lows after...
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40 sec read

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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