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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Structurally Nov 2020 series is closing the long pending island gap reversal which is an investing reference. However, emotions are running high during the...
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What Could Possibly Go wrong with Nifty?

As of last 9th Oct 2020 closing of Nifty (11914), PE ratio stands at 34.71. By any means it indicates euphoric markets. Recently there...
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Nifty Futures Short Term Overview – July 2020 Series

Markets are trading calm compared to the Month of March, Apr, June 2020. Volatility cooled off and trading ranges get smaller and smaller. However,...
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4 Replies to “Analysis : High Probability Long in Nifty Futures?”

  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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