Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Mutation of the Markets – The New Delta Variant.

59 sec read

Nifty July Futures kickstarted and the lot size of Nifty drags down to 50 and all thanks to that dull boring June series and yet bit volatile during the mid of expiry. June series brought higher prices with lower enthusiasm and VIX at pre-teen levels.

Nifty Hourly Charts

And Nifty Hourly Charts stalled between 15400-15900 levels throughout the June series. All the three timeframe Daily, Weekly, Monthly are in total disagreement. Most of the June series witnessed dull boring moments and traders literally begging for intraday price swings. Volatility is dead and at times I even checked the Datafeed connectivity as the markets activity came to standstill in most of the places.

Nifty Orderflow volumes went below 1000 lots per 300 seconds. that’s a fill of 3 lots/second approx. Needless to say, paying close attention to volumes these days hurts your eyes to the core. Gone are those volatile days, wilder price action, fun roller coaster ride.

All of a sudden had thought whether the market mutates or the traders who trade the market mutates? Just googled about the markets and mutation here is what I found. After doodling around the news on mutation fears and finally learnt that markets have strong booster immunity towards virus mutation. If there has to be a crash in the markets it is not likely to be the virus mutation. Could be something else.

But hey market mutates very often and are better than delta and delta plus variants when comes to mutation. The only different here is when the market mutates it test the immunity of the traders and failing to adapt to the new market conditions one have to just perish.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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