Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Nifty Futures Expiry Week Market Profile Outlook – Aug Series
20 sec read
Nifty Futures is nearing the monthly expiry and currently, the overall trend remains down with a focus towards the 18950 – 19000 zone. Last Friday value area clearly formed lower with balanced price action.
Friday’s price action with a gap down also cleared the non-excess (poor low) from 18th August (incomplete auction).
In the near term spike base 19430 levels act like a resistance zone. Trading sentiment could turn positive only a sustainable close above spike base 19430 levels. As long as there is no acceptance markets remain in sell on rise mode.
Related
Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
The derivatives market is a dynamic space where various participants employ unique strategies tailored to their goals and risk appetites. Among these, Foreign Institutional...
