Rajandran R Telecom 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)

Massive Long Liquidations in Nifty Futures – Market Profile

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Nifty futures had witnessed a massive inventory adjustment on Wednesday’s trading session and had seen almost 516 points of intraday correction from the day’s high. This is the first biggest correction we have seen in the last two months.

The Nifty Futures commenced trading with a notable upward gap, signaling a strong start to the session. The market opened with a surge of high-confidence buying activity. However, after 11:15 a.m., there was a noticeable shift in control from buyers to sellers. As the trading day progressed, seller volume incrementally escalated, culminating in intensified selling pressure. This shift in market dynamics led to a substantial liquidation phase, which persisted unabated until the close of the market.

There has been a noticeable liquidation in heavy-weight counters like Reliance, Infosys, TCS, LT, State Bank of India, HCL Tech, ICICI Bank, ITC contributed to the fall in Nifty Futures

From the market profile perspective, Last couple of days trading inventory went from long to too long and today’s massive inventory adjustment brought back the inventory condition to neutral mode. Important key references like AB Poor Low at 21355 levels got a revisit.

Last Couple of Day of days spike in volatility was witnessed which also brought India VIX to 14.45 levels

Rajandran R Telecom 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)

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