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 – 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 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.

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