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 – 19th Mar 2018

25 sec read

Nifty Opened with a gap down with a open drive setup and continued the selling confidence throughout the day. Finally Fridays session ended with a triple distribution. Short term trend turned to downtrend only the higher timeframes Monthly and Weekly are so far balancing. Interestingly Nifty is out of the short term balance on downside and trading very close to the 200MA on Daily timeframe.

Nifty ended below previous month low 10290. Though lots of weaker references formed around intraday, weakness prevailed despite all those weaker intraday references. Both trading sentiment and profile sentiment ended negative for the day. When comes to Nifty Futures 10255 likely to act like a immediate resistance. Further Weakness is expected towards the visual destination towards 10126.

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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5 Replies to “Nifty Futures – Market Profile Analysis – 19th Mar…”

  1. Hello Mr.Rajendran. I want to learn market profile trading technique.do u take classes? Pl advise.i have to recover my losses.
    Thank u
    Thamilselvan

  2. HI Rajendran,

    Iam interested in learning Market Profile as iam a full time trader and would like to learn market profile. Ca you guide me with it.

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