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 – 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 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.

[Option Strategy] Hedged Futures with OTM Options to Save…

These days for Retail Traders trading in futures trading requires a huge margin. Approximately 1.65 Lakh per lot is required to carrying forward future...
Rajandran R
1 min read

[Limited Period] Free Mini Certification Course on Market Profile

Market Profile is one trading tool that professional traders would never like to miss in their trading arsenal. This Mini Course on Market Profile...
Rajandran R
1 min read

Beginner’s Guide to Market Profile

Kickstarting your market profile learning? then you cannot miss this webinar where you get to know the basic building blocks of Market Profile and...
Rajandran R
23 sec read

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

Leave a Reply

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