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 Futures at All-Time High What Next?

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Nifty on Tuesday trading session ended positive and close around fresh all-time high and it is been a one-way rocket since the Iran Missile Attack.

Short term sentiment continues to be on the positive side for the last 5 trading sessions and price is one timeframe on the daily timeframe. Immediate supports got built around 12345 levels

Jan Monthly Expiry suggests a short term trading range between 12000 – 12500 levels and so a mixed response is a possibility here favoring neutral strategies in a very short term.

Late spike is witnessed on Tuesday trading session and hence the spike rules are applicable for Wednesday trading session.

Price holding above 12345 is likely a bullish scenario. However, any acceptance below spike base presents a short term shorting opportunity towards the weaker POC 12240 levels. The major support zone got built in the band of 12200-12240 levels.

Short term inventory goes long to too long. In a very short term traders have to be a bit cautious about their short term long holdings as the emotions from the short term momentum traders are running higher.

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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