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 – 23rd Mar 2018

36 sec read

Nifty is trading on the verge of higher timeframe stop trigger zone. Contra players can argue that one can bet on longs with stop loss as current or previous swing low at 10055-10075 levels. But for most of the long position 10055-10075 zone could be a reference point for exit/reversal point. Last 4 days of trading session nifty is balancing in a broader 10075-10250 range.

Interestingly put writers at 10000PE and 10100PE are holding for this series. Both market profile sentiment and indicator sentiment now in sync and maintains in negative mode again. Volatility is largely mutued for this week and still 4 more days left for this expiry. Immediate resistance coming around 10187 and current swing low at 10075 is unsecured low so far. And Yet another day stops got built below 10100 reference

Trading Scenario

one have to maintain shorts if the is a follow through in price action below weaker ORR levels with immediate resistance at 10187. Short covering and temporary reversal is again a possibility if nifty sustains above 10187

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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3 Replies to “Nifty Futures – Market Profile Analysis – 23rd Mar…”

  1. Hi Rajandran,

    I am new to this field. I do intraday with little amounts, making profits like 100 or 200(some times losses also). I saw few youtube videos and started trading. I came across your posts while searching for intraday strategies. Can you kindly suggest , what I should start learning to become a gud trader..

    Sincerely,
    Praveen

  2. Hey Rajandran,

    Just started learning about Market Profile. Applied your Market Profile AFL in Amibroker. Can you tell me what should be the ideal density values for indian market as the resolution is in terms of dollars in the provided AFL?

    Thanks.

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