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 Sentimental Analysis and Market Observation

1 min read

Nifty Daily Sentiment
Nifty Daily Sentiment
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Nifty responded negatively to the Bihar election results (declared on sunday). Sentimental & emotional traders/investors strongly reacted to the news followed by sharp intraday recovery in the market and India VIX ends with strong decline right from the beginning of the market open. However there is no improvement in the indicator sentiment as it closed negative on Monday and followed the same on Tuesday as well with VIX moving down. It shows there is no enough panic in the market yet and the sentiment is likely to continue.

Sentimental Update after 9th November (Monday) – 3.00p.m

Tweet on Nov 10th about Declining India VIX

Post diwali Nifty futures gapped down again and closed lower with increasing VIX as panic starts kicking in. Fridays Sentimental Gap left open and the sentiment ends extremely negative. Further gap down can be expected on coming monday as the Global markets sentiment is negative on friday closing.

Gap

If monday bigger the gap down more odds that we can see intraday recovery can be seen as the sentimental gap trading rules kick in. It should be remembered that so far three sentimental gaps are left in this series. as shown in the above image as yellow candlesticks. Gap Levels 8257, 8057, 7812

Bank Nifty Daily Sentiment
Bank Nifty Daily Sentiment

Banknifty closed positive on last friday and outperformed nifty this week with a sideways action. Indicator Sentiment also turned positive. Higher odds that shorterm uptrend in progress as long as sentiment remains positive.

Overall outlook is positive in the shorter run followed by negative trend in the medium term.

For more sentimental updates during market hours connect with our twitter account www.twitter.com/marketcalls_

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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