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 – July Series – Market Profile Overview

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Nifty Futures inventory went long to too long on last Friday. At the Monday open, trading confidence is initially low. Trading confidence is low even after the initial – 2 day breakout with a partial gap fill. However during mid of the day,, one timeframing against the Initial Balance direction is where exactly high confidence sellers started taking control and pressed the price towards the Prominent POC of control 10940 levels.

Day ended with a double distribution structure with 10964 acting as a immediate reference. Both Indicator sentiment and Trading sentiment turned negative on Monday trading session.

Call writers taken control of 11000CE to some extent. And agressive PE writers are thusfar holding with 10600PE, 10700PE, 10800PE & 10900PE levels.

Key Reference Levels

1)Double Distribution Balance at 10964

2)Poor Low at 10918

3)Gap Reference at 10881

4)Prominent POC at 10792

5)P Shape Balance 10770

6)Spike Base + Weak ORR – 10730

For any positive clues nifty futures have to sustain and build distribution above 10964 levels. Price respecting 10964 resistance levels could focus nifty towards 10730 levels (weak ORR) on the downisde.

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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