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 – Dominated by Poor Structures – Market Profile

40 sec read

Poor Structure in Nifty futures that the regular daily structure last couple of days indicating that more of emotional shorter term players are reacting to every tiny news information very emotionally. However, there is a lack of serious money last couple of days keeping the market in a 200 point tight range since 25th May 2018.

In very short-term markets are expected to continue in a range 10600 – 10800 point range in the first half of June series as the call writers and put writers are positioned tightly in control for the series.

Because of the global cues, Nifty futures on Monday morning opened with the greater positive sentiment. However, the sentiment hadn’t lasted long. Price went on the downside to test two day low in June contract. Daily Profile sentiment changed to negative mode resulting in a poor structure and poor low.

Overall range is 10560 – 10740 in the last 7 trading session which forms the short term balance. Price looking down below the balance and re-entering suggest an immediate test towards the other side of the balance.

Key Reference levels to watch

1)Mechanical Reference at 10560

2)Poor Low at 10586

3)Poor High at 10744

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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2 Replies to “Nifty Futures – Dominated by Poor Structures – Market…”

  1. Hi sir,
    sir what is code in amibroker for buying stock when it reaches or crosses a particular price.

    pl help me

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