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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

More Volatility Ahead in September Future Series

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Nifty Weekly Charts
Nifty Weekly Futures
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Last week nifty futures opened gap down at 8010.1 and crashed -5.9% last monday. The next day nifty made a panic intraday bottom at 7665 followed by a sharp recovery to test 8125 during the same week. Volatility in the market inclined up and it is expected to continue in the near future. Naked option writers has to be cautious as the risk reward ratio with a given volatility is very low at this point.

Nifty and Bank Nifty weekly future charts suggests the RSX is still in declining mode and the downtrend is expected to continue for another 1 or 2 weeks before bottoming out. However any close above 8150 could bring back more bullishness in the market.

Bank Nifty Weekly Charts
Bank Nifty Weekly Futures

India VIX Weekly Chart
India VIX

Last monday India VIX jumped 64.35% which is the biggest ever move since the introduction of India VIX component. And post the peak IndiaVIX started declining down and the week ends with the closing at 23.3. It should be noted that last week intraday VIX high is at 35.6

India VIX Biggest 1 day move

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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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