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 Futures Broken Major Supports – Market Crash

22 sec read

Nifty Started the day with a big gap down with a huge volume flow for the major part of the day and daily sentiment turned negative breaking all the major support zones for this month. The auction could turn negative for the month. Price sustaining below 21500 brings more positional correction for this month.

The banking counter does most of the damage for the day with HDFC Bank impacting Nifty heavily. HDFC Bank alone dragged the Nifty down by 243 points single-handedly.

India VIX jumped to 15+ levels and fear in the markets got elevated post the HDFC Bank earning results. resulting in increased IV sentiment.

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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