Rajandran R FollowTelecom 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)
Bank Nifty Daily Sentiment at Extreme
22 sec read
Bank Nifty Weekly Charts
Bank Nifty since the start of Jan 2017 had done a 1000 points+ recovery and moved up without much rotations on the daily charts. Trading Sentiment remains positive for the weekly timeframe as well as daily timeframe. However trading sentiment on the daily timeframe is at the extreme which could bring short term corrections or volatile sideways action.
Bank Nifty Daily Charts
LinTRA maintains positional sell on the Bank Nifty – 30 minute timeframe which indicates that further uptrend is possible only if bank nifty sustains above 19180-19200 zone
Update on 18th Jan 2017 – Post Market (Whipsaw in the Signal followed by Sell Signal Continuation)
Rajandran R FollowTelecom 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)
Nifty Futures on Tuesday's trading session ended flat with a rotational auction which resulted in an inside bar and prominent POC formation. Lower volume...
BankNifty Futures sentiment turned negative post the RBI Policy announcement. Profile distribution completely traded down below the Thusday's Prominent POC which could act like...
One Reply to “Bank Nifty Daily Sentiment at Extreme”
dear mr rajandran
how can i use matatrader/metastack software kindly guide me
dear mr rajandran
how can i use matatrader/metastack software kindly guide me