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 – Market Profile Analysis – 05th April 2018

45 sec read

Slaughter the Bulls and Bears with the guillotine called Volatility. Yes, market volatility is the name of the game which is being played, and this sort of jitter could confuse the market participants to get out of their positions, to take wrong opinion about markets and the rest to stay away from participation.

Wednesdays trading activity started with bullishness with value area forming initially higher and facing resistance around the double distribution balance 10308 however after making a poor high, long liquidation process kickstarted where the old short term players who went long to too long came for emotional liquidation. Price broken 3 day low however price manage to close above the 3 days low range.

Value was overlapping relative to Tuesdays session. Wednesdays trading activity cleared major reference levels like Tuesdays failed auction, current month low and last Wednesdays poor low.

Put writing is holding thick at 10000 & 10100, and Call writing is getting thick at 10300 and 10400. Nifty Futures might be moving in a 200 point range
for couple of days where dips should be bought and rallies should be sold as long as the PCR data points remains the same.

Global Volatility is still elevated relative to Indian markets due to trade war concerns. More Volatility is expected with supports around 10139 and resistance around 10308 levels.

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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