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 – 26th Mar 2018

58 sec read

A short and truncated week, end of fiscal year coming in and only three more days left for the expiry. Global markets closed on a negative note as trade war sentiment going on. Most of the world indices closed negative for this week.

On Fridays Trading session Nifty Futures opened gap down and closed below 3 month low and Nifty spot closed below sub 10000 levels. Nifty is trading exactly around major psychological reference. Interestingly, volatility is muted in the Indian Markets throughout the week.

All the timeframes(monthly,weekly,daily) shifted from balancing mode to down-trending mode post the correction. Which is still a dangerous sign going forward as the Fridays negative sentiment could spillover into Mondays session as well.

On the otherside Retail Community is in buying spree at every micro dips in the markets which too quite disturbing sign in a very short term perspective.

Nifty Futures Market Profile Charts

Fridays Trading is again not an easy trading session for the short term trading community. Through price opened gap down on Friday, taking down the major psychological reference 10000, participants started piling around 10000 levels and the price started balancing around 10000 forming an open auction outside the range type. Low confidence prevailed throughout the day, although global markets are crashing.

Value formed lower with Failed Auction at day high 10043 and Prominent POC at the days center 10004. Trading sentiment continues to be negative from profile and indicator perspective indicates nothing changed from the downtrend. The very short term view changed from sell on rise to short on every downleg fall.

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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One Reply to “Nifty Futures – Market Profile Analysis – 26th Mar…”

  1. Hello sir

    i am small trader and want to learn form you. your web site help me the most as i am Beginner but earlier i used to have nifty but you stop giving chart of nifty and bank nifty. so i started trading in MCX so kindly help me to understand the basic concept of MCX and how is it work.. wetting for your positive reply

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