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 – 27th Mar 2018

34 sec read

Mondays Auction flipped the trading sentiment back into the positive mode. Trading sentiment to turned on the positive side. Though the opening confidence was lackluster went sideways and trading inside the previous days range in the first half of trading session. Second session broken the previous day high with a greater confidence and maintained the confidence throughout the day forming a back to back secured low.

Current week low is likely to form interesting support zone. However yesterdays profile left a poor structure with spike formation. Short term supports available at 10100 levels. As long as value builds above 10040-10100 band the trading bias holds positive in very short term.

Still two more days left for the expiry. 10000PE and 10100PE writers showed increased confidence right from the start of the day. Global market sentiment too turned positive atleast Friday bearishness is out of the system. Possibilities of expiry above 10100 for this series as long as the spike base gets protected.

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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