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.

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It's Monday morning and SGX Nifty is trading sub 15300 levels and a little bit of nervousness in the markets as the last Thursday's...
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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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