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)

Nifty and Bank Nifty Futures Weekly Sentiment Update

33 sec read

Last friday China Cuts the Interest rate for the sixth time in this year. Global Markets cheered on last friday. We could expect one more sentimental Gap Up on Monday in Nifty and Bank Nifty futures this attempt could try to close the professional gap created in Nifty Futures at 8358 and BankNifty Futures at 18240. SGX Nifty is already indicating a positive momentum. Both the daily Sentiment and Weekly Sentiment tends to remain positive.

Nifty Futures Weekly Sentiment
Nifty Weekly Sentiment
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India VIX is at 16.17 and the volatility in the market is completely dried during the last week trading sessions. Nifty 8300CE holds higher open interest which in turn indicates mondays sentimental gap up could again face or test for selling and attempt to close the sentimental gap. Expiry season is nearing so not much movement is expect in the market. possibly a sideways to bearish actions post monday’s gap up is expected.

Bank Nifty Weekly Sentiment
Bank Nifty Futures Weekly Sentiment

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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