Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

[video log] Market Sentimental Update before FED meet begins

25 sec read

httpv://www.youtube.com/watch?v=FS1yejJR0HU

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Nifty Daily Sentimental indications are positive before the FED meet and Bank Nifty continue to be negative and at highly oversold levels. However what worrying is the weekly sentiment in Nifty and Bank Nifty turned negative last week and so far this week continues to be negative. Only Nifty weekly price distributions above 7800 sounds positive in the long run and retail traders are confident of writing 7600CE for the current option series. Failing to close above 7800 on the weekly basis indicates more weakness in the medium term. It should be noted thatdownside gap reference level 7054 left unfilled for more than one and half years.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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