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 – Market Profile Analysis – 1st Mar 2018

43 sec read

Nifty Futures opened gap down on Wednesdays trading session post gap down more of day timeframe sellers started actively dominated the market and resulting in a open auction outside the range.Though price is in balancing mode, value started building lower. At the same time, day timeframe stops too hunted in the second half of the trading session resulting in closing the Wednesday daily gap thereby removing the weaker hand intraday sellers.

Current Week Gap (10537) got closed at the market open which initially resulted in a classical island gap reversal however the island gap reversal got faded faster in the second half. P shape balance on 10480 acted as intraday support zone where responsive buyers

Nifty Futures – Market Profile

Key Reference Levels

Key Reference Levels

1)Poor Low at 10360

2)Prominent POC at 10380 and 10700

3)Strong ORR at 10343

4)Previous Week Low at 10315

5)Previous Week High at 10515

6)b shape balance – 10588

7)Mechanical stops Upper Side 10617 and 10638

8)Mechanical stops Lower Side 10539

8)P shape balance at 10475

9)Weekly Gap at 10724(upper side)

Trading Sentiment continued to be negative 10480 (P Shape Balance) is likely to act as support zone any acceptance below that could bring 10381 and 10343. However price holding 10480 could bring a possible test towards prominent POC 10570 the weaker ORR reference 10618.

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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