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)

Nifty and Bank Nifty Weekly Sentiment turned Negative – Medium Term Outlook

30 sec read

The Year 2018 is about to close and only three more trading session left this week as well as this year. It is interesting to have a sentiment check on the weekly timeframe to identify medium-term bias.

Nifty Futures – Weekly Trading Sentiment

Weekly Trading sentiment turned negative this Monday in both Nifty Futures and Bank Nifty Futures which presents medium term bearish outlook towards 10200 and 10000 levels or even below that in next 1-2 months period.

Bank Nifty Futures – Weekly Trading Sentiment

It is definitely short and medium term investors caution zone where stock selection is going to be turbulent, chaotic and not an easier task here especially in a downtrending markets.

As long as Nifty Trades below 10750 levels and Bank Nifty below 27000 levels weakness is expected to continue in the medium term. All one can do is get prepared for it.

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)

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