Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Futures – Aug 2017 Short Term Trend Analysis – Part2

40 sec read

Nifty futures made a inside bar on the weekly timeframe despite continuing global tensions, global market corrections, FII selling in index futures and cash segments and local events like Mr.Vishal Sikka resignation from INFY which is a strong indication that sellers are not aggressive yet compare to the aggressive buyers.

Coming Monday the same sentiment will be carry forwarded. Despite on-going negative sentiment, if the price shows positivism then it could leads the path to one more leg of trend reversal towards 9940 levels and 10117 by the expiry week. Daily timeframe indicator sentiment continues to be positive which further requires price acceptance above 9853 levels for the short term uptrend to continue.

Nifty Options Aug Expiry – OI Lookup

Option writers are active at 9800PE and 10,000CE which ensures the price to trade in a 200 point range for the next week. 10,000 will be acting as a intermediate resistance for next week. Last week of expiry if the price sustains above the 10,000 psychological mark one can anticipate a test towards 10117 and higher levels. Volatility is much improved which could bring more intraday trendiness and better zones to play trend following systems.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Bearish Option Strategy: Nifty Hedged Puts – Nov 2020…

Structurally Nov 2020 series is closing the long pending island gap reversal which is an investing reference. However, emotions are running high during the...
Rajandran R
42 sec read

What Could Possibly Go wrong with Nifty?

As of last 9th Oct 2020 closing of Nifty (11914), PE ratio stands at 34.71. By any means it indicates euphoric markets. Recently there...
Rajandran R
1 min read

Nifty Futures Short Term Overview – July 2020 Series

Markets are trading calm compared to the Month of March, Apr, June 2020. Volatility cooled off and trading ranges get smaller and smaller. However,...
Rajandran R
25 sec read

One Reply to “Nifty Futures – Aug 2017 Short Term Trend Analysis…”

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More