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 – Jan 2020 Outlook

1 min read

This is my first article for this decade. It is always to start this decade fresh and so comes the handy top-down analysis where we start with monthly timeframe charts and then move to a weekly and daily timeframe to get a perspective and feel about how the other timeframe players are positioned in the market.

Nifty Monthly Charts

Nifty Futures on the monthly scale is one-timeframing for the last 6 months which shows the positive upbeat from the investing community despite the economic slowdown theme being played in the market. Clearly trend is up on the monthly timeframe

Nifty Weekly Charts

Nifty on the weekly timeframe still the trend is up however for the last three weeks too much of price overlapping is seen with price struggling around the all time high. Which is a sluggish enthusiasm shown by the intermediate swing traders for the last three weeks. Overall weekly timeframe is sideways to trend up.

Nifty Daily Charts

Nifty Futures on the Daily timeframe is trading in a sideways mode for last couple of days due to holiday season. Lack of active participation from the institutional community created a narrow range market between 12200 – 12350 levels.

And now the holiday season is over and so the intraday volatility is expected to pick up as institutional investors community likely to engage in the market which increases the rate of participation.

Nifty 15min Charts

Nifty futures on the 15min charts trading in a sideways move with immediate resistance around 12087-90 levels and the bias on the 15min charts remains down. Price breaking and accelerating from the short term balance around Monday open below 12230 levels indicates immediate weakness.

Market Profile Charts

Market profile charts last Friday indicate short term weakness at the Friday open and value formed lower by end of the Friday session. However current all time high is unsecured with an AB Poor high at all timelow which could act like a temporary resistance however a fresh all time high is the possibility in the second half of this Jan 2020.

Nifty Jan 2020 Futures – Market Profile Charts

Short term trading sentiment maintains negative overall with immediate resistance around 12290 levels and all-time high reference levels. Weakness is likely to persist in a very short term with market profile supports coming around 12200 levels.

Breaking below 12200-12230 levels around Monday could open up a test towards the older short term weaker references 12100 and 12010 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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One Reply to “Nifty Futures – Jan 2020 Outlook”

  1. Hi Rajandran Sir,

    I have watched your youtube video on order flow and volume profile analysis. I am quite impressed by your analysis style as I also use order flow a lot. I come from an engineering background and have strong coding skills, I have developed my own order flow analysis system like BellTPO. I would like to show you, I saw your mentorship program but I don’t that much money. I want to intern under your guidance. I have a good understanding of the F&O segment and how things work.

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