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 – Downtrend Sentiment Continues – September Expiry

41 sec read

Nifty futures Mondays weakness spilled into Tuesday’s session as well. Call writers at 11800 are stable for this series. Nifty managed to break and close down below previous week low 11613. Nifty Futures maintains positional sell mode with Immediate Quick Flip supports coming around 11573 – 11585 levels. Price holding above the support zone could bring a possible range bound action between 11573 – 11658 levels. However, momentum traders could step if price started accepting below 11573 levels.

Nifty Quick Flip Strategy 5min Charts

Indicator sentiment maintains negative for the 5th consecutive trading session indicating positional weakness. Momentum shorter-term traders are witnessed in the second half of the trading session. Volatility Index (IndiaVIX) shooted to 13.78%. Street Sentiment is down mostly due to currency hitting All time high, Ongoing EM Crisis and new FPI regulations. Foreign funds have started winding up or reworking their structure after India’s market regulator barred non-resident Indians from controlling them

Nifty Daily Sentiment

Overall Positional Negative sentiment persists with short-term momentum sellers in control for the last two trading sessions. On the downside 11507 remains as the immediate reference levels to look for. Trading Sentiment could turn up if price manages to sustain above 11640 levels.

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)

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