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 Expiry Crash and October 2016 Overview

59 sec read

Nifty Futures September Expiry – 1min Charts
nifty-sep-expiry-crash

Nifty Futures on the September Expiry Date Crashed -1.9% on a strong sentimental note and it is a strong rejection out of the previous consolidation zone 8700-9000. The drop was imminent post the break of 8700 zone on the announcement of Indian army launched surgical strike on Pakistani soil.

BankNifty Futures September Expiry – 1min Charts
bank-nifty-sep-futures

BankNifty September Futures Crashed roughly 800 points intraday. And the top made in the first minute after the market open. Crash in Bank Nifty would have made the naked put option writers scream on the expiry day.

Indian army Surgical Strikes News on TV

httpv://www.youtube.com/watch?v=we8I35F_4Ts

Nifty Futures EOD Charts
non-linear-breakout

From the EOD Charts clearly we broken the trading range with a strong sentiment which will have extended pressure from the sellers. VIX increased 33.24% and the F&O turnover in NSE FNO segment increased to 11 Lakh Crore. Which indicates that breakout sentiment is really bad.

Unless price resumes back into 8700 zone we are not seeing any solid aggressive buyers returning back. Moreover daily chart ends with a bearish engulfing pattern with price rejection at the open.

india-vix

The aggressiveness of the price movements along with strong and commanding volume indicates the presence of intermediate/longer timeframe sellers. Overall Shorterm sentiment is negative and we can expect further downturns if price open below 8600 in OCT Futures.

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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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Nifty Sentiment likely to turn Positive?

Nifty Futures is likely to have a short truncated week. And last Saturday's trading session showed a comeback of Bank Nifty despite Nifty Futures...
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