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 – July Series – Market Profile Overview

36 sec read

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 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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