Menu
  • Option Hydra
  • Training
  • Premium
  • Courses
  • Library

Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

  • Software
    • Amibroker
    • NinjaTrader 7
    • Ninjatrader 8
    • Option Action
    • Market Analyst
    • Metatrader
    • Python
    • Datafeed
  • Market Profile
    • Orderflow
  • Markets
  • Commodities
  • Forex
  • Economy
    • Banking
  • Webinars
  • Trading Lessons
    • Algo Trading
    • Infographic
    • Video
You are here: Home / Futures and Options / Extreme Positive Sentiment in Bank Nifty Futures

Extreme Positive Sentiment in Bank Nifty Futures

December 19, 2018 by Rajandran Leave a Comment

Bank Nifty Futures tested an intraday high of 27425. Trading sentiment was getting into extreme which possibly indicates overbought levels.

Short term corrections can be anticipated at this levels towards 27180 and 27105 levels with immediate quick flip resistance comes around 27385-27400 band.

Price holding below 27385 is very much crucial for trend reversal to happen. Also current quick flip long trade setup is almost 6 trading days old which brings  statistical mean reversion odds going by the historical backtest.

Bank Nifty Daily Futures – Trading Sentiment

Even if price gaps up and later price started trading below 27400 levels indicates weakness towards 27180 and 27105 levels in a very short term.

Related Readings and Observations

  • Bank Nifty with Extreme Positive SentimentBank Nifty with Extreme Positive Sentiment Bank Nifty is currently trading at the swing extreme with 10-day ADX holding above 40 levels which indicates extreme positive sentiment with mean reversion odds If ADX value likely to […]
  • What could Possibly Go wrong with Bank Nifty? – Part 2What could Possibly Go wrong with Bank Nifty? – Part 2 Here is the historical PE-Ratio of Bank Nifty. This time there is a hockey stick growth in the banking index which is up by 10.42% during the month of March 2019 alone. In fact, touched […]
  • Nifty and Bank Nifty Trading at the Upper ExtremeNifty and Bank Nifty Trading at the Upper Extreme Nifty Futures and Bank Nifty Futures are trading in a sideways compression mode for quite some time in Jan 2019 series. Both Nifty Futures and Bank Nifty Futures are trading very close to […]
  • What could Possibly Go wrong with Bank Nifty?What could Possibly Go wrong with Bank Nifty? Here is the historical PE-Ratio of Bank Nifty. Recently there is a hockey stick growth in PE ratio of Bank Nifty. NIFTY Bank Index comprises of the most liquid and 12 large Indian Banking […]
  • Bank Nifty Futures Positive Uptrend to Continue in Short TermBank Nifty Futures Positive Uptrend to Continue in Short Term Bank Nifty Futures sellers are in control however momentum sellers are clearly missing from the market. Hourly support comes around 26206 levels. Throughout the June month bank nifty […]
  • Bank Nifty Futures – Short Term Overview December Expiry – Part 3Bank Nifty Futures – Short Term Overview December Expiry – Part 3 Mondays trading session Bank nifty opened with global optimism and the day is seen driven mostly by intraday and short term buyers in the counter. Serious long term money is missing in the […]

Filed Under: Futures and Options Tagged With: Bank Nifty, Bank Nifty Trading Levels

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Email Newsletter

Sign up to receive email updates on latest trading strategies , analysis & financial market updates

We Respect Your Privacy

Premium Access

Username:
Password:
Remember Me
Lost your password?

Tools For Traders

  • Marketcalls Android App
  • MCX Signals
  • Intraday Signals
  • International Commodities
  • OI Tracker
  • Participation OI
  • Your Broker
  • Market Sentiment Analysis

Amibroker Updates

Volatile Phases – Colorful ADX Amibroker AFL Code

November 16, 2019 By Rajandran 4 Comments

Amibroker Technical Analysis Workshop – Bangalore

November 1, 2019 By Rajandran 2 Comments

How to Send Alerts from Amibroker to Telegram Channel using Telgram API

June 12, 2019 By Rajandran 15 Comments

How to Estimate the VWAP based settlement Close like a Pro using Amibroker?

June 9, 2019 By Rajandran Leave a Comment

Practical Approach to Amibroker AFL Coding

May 23, 2019 By Rajandran 37 Comments

  • Facebook
  • Google+
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Metatrader Updates

MetaTrader 5 Demo Servers Now Available for BSE Currency Markets

March 20, 2018 By Rajandran 8 Comments

ChartIQ – WebTrader for MT4

December 4, 2017 By Rajandran 5 Comments

Metatrader 4 – Web Platform Overview

October 29, 2015 By Rajandran 9 Comments

William VIX FIX Indicator for Metatrader 4

May 16, 2015 By Rajandran 9 Comments

How to Install Custom MQL4 indicators in Metatrader

November 14, 2014 By Rajandran 7 Comments


About | Contact Us | Terms and Conditions | Privacy Policy | Support Policy | Privacy Policy | Refund Policy | Disclaimer


© Copyright 2018 Marketcalls Financial Services Pvt Ltd · All Rights Reserved · And Our Sitemap · All Logos & Trademark Belongs To Their Respective Owners·

Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither marketcalls.in website nor any of its promoters shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.