Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Nifty Futures at Critical Support Zone at 11027 – 11043 band

48 sec read

Nifty Futures quick flip trading system is currently trading with immediate base supports coming around 11027-11043 levels. Price holding 11027 is very critical for the current uptrend to continue. On the Daily timeframe indicator sentiment still continues to be negative for the 6th consecutive trading session. Hence any price move down below 11027 could bring immediate weakness towards 11907 levels positionally.

Nifty Futures – Quick Flip 5min Charts

Momentum players are actively flipping back and forth with Wednesday being controlled by momentum sellers. With the increased volatility markets are expected to trade in sideways to downtrend mode.

Monday – Momentum Sellers
Tuesday – Momentum Buyers
Wednesday – Momentum Sellers again

Daily Indicator Sentiment

Index VIX closed around 17.09. And 10-Day ATR stands at 159 range which is a decent intraday volatility for short-term traders to take advantage of wild market moves and the nightmare for option writers as the short term trends, twist and turn in the markets way faster than the anticipated. However so far markets had rewarded the call option writers since the start of the series considerably.

Volatility is expected to remain elevated in the upcoming sessions. With this volatility, one need to stick to some sort of rule book rather than predicting the wild intraday moves very often. Overall system is expected to deliver a sell signal if price manages to accept below the 11027 levels.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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