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 Trading Sentiment and Expiry Overview

47 sec read

Nifty Daily continues to be in positive sentiment for the last 5 trading sessions. However the weekly sentiment holds negative for the last three weeks and likely to continue for yet another week. On contrary Banknifty sentiment turns positive on Daily and weekly charts after the friday’s price action. Bank Nifty is expected to outperform Nifty in the upcoming trading sessions.

Nifty Daily Sentiment
Nifty Daily Sentiment Nov Futures
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Nifty Weekly sentiment
Nifty Weekly Sentiment

India VIX fallen below 9% on thurday trading session indicates markets are not ready to fall for time being. Global Markets are responding positively to the negative news like terrorist attacks (Paris attack, Mali Hotel attack). Tempo in the market is faster on the upper side. Possibly the current expiry is likely to be settle between 7700-8050.

This expiry week we have only three trading sessions as markets will be on holiday on wednesday due to Gurunanak Jayanthi. Sector wise CNX IT weekly sentiment continues to be in negative

Bank Nifty Daily Sentiment
Bank Nifty Daily Sentiment

Key upcoming Economic Events

– Parliament’s Winter Session, which begins on November 26, with the hope of seeing the Goods and Services Tax (GST) Bill passed
– RBI Fifth Bi-monthly Policy Statement for the year 2015-16 on December 1

Bank Nifty Weekly Sentiment
Bank Nifty 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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