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)

Nifty Futures – Market Profile Analysis – 22th Feb 2018

54 sec read

When markets are surrounded with rumors and fake hoaxes its always good to take a bird eye view to understand the trading competition in a better way. From the EOD charts Strong ORR 10343 levels acting as a strong demand zone on EOD closing basis. Responsive buying came whenever price dipped below 10340 levels and managed to close above/around 10340 levels.

Strong ORR is a critical support level as price rejected for the very first time during Gujarat Election Results. However more the responsive activity happening at certain level more it looses it importance of support. 10340 is a critical level support for any positional longs.

Nifty Daily Charts

Market Profile Key Reference Levels

1)Poor Low at 10331

2)Failed Auction at 10338

3)Strong ORR at 10343

4)Prominent POC at 10374

5)Poor High at 10425

6)Double Distribution balance – 10554

7)Mechanical Reference at 10618

Nifty Futures – Market Profile Charts

Nifty Futures is in a sideways move for the last three trading session as the value area is continuously in overlapping mode. More over on the daily timeframe it is a back to back inside bar. Which says that last two days we are dealing with more of short term and intraday players rather than long term money. Last two trading days more Trading activity centered around 10380 levels.

Two Scenarios I would like to discuss here from a short term perspective

1)Acceptance above 10427 forms a look below the balance and fail on the daily timeframe. destination target will be 10624

2)Acceptance below ORR 10340 – bring towards immediate visual reference on the down side 10100 levels.

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)

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