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 – Autocorrelation Turns Positive Again

25 sec read

The Expected shorter term weakness in the market is short sustained and market showed strength in the second half of the session. Nifty Autocorrelation on the Daily charts turned positive signalling a trending upmove in the following trading session. One should keep an eye on autocorrelation. Trendy move could end if autocorrelation turns negative.

Nifty Futures Daily Charts
Nifty Daily Charts
[wp_ad_camp_5]

 
Nifty Futures Hourly Charts
NIFTY Hourly

Both Nifty and Bank Nifty are still showing overbought levels but still the highertimeframe daily continues with good strength. on the Options side 8400PE shows put writing indicating a possible support around 8400 for the current expiry. And the Weekly Support for Nifty and Bank Nifty futures coming around 8522 and 18310.

Bank Nifty Futures Hourly Charts
Bank Nifty Hourly

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 Overheated and Will Nifty Pullback?

Nifty is racing towards an all-time high and in the current swing most of the price action happens in the form of gap up...
Rajandran R
30 sec read

Bank Nifty Futures – Market Profile Charts and Overheated…

Bank Nifty Futures - Market Profile Charts and Overheated Emotions - September Series
Rajandran R
18 sec read

Nifty Futures – Increased Volatility and Downside Odds –…

Nifty Futures during the last couple of days are switching back to increased volatility. ATR is a greater measure of volatility. Because of the...
Rajandran R
36 sec read

One Reply to “Nifty Futures – Autocorrelation Turns Positive Again”

  1. Mr. Ranjendra,

    Which Chart R u using for the Technical Analysis for NSE ?

    Can u paste a Link Here,
    Thanks

Leave a Reply

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