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 November Expiry Short Term Overview – Part 1

33 sec read

Nifty Futures Daily Trading Sentiment

Nifty done one more All time high in the start of the November series. Should have raised the eyebrows of every equity derivative trader. From the Daily trading sentiment perspective Nifty is holding the positive sentiment for the last 6 trading sessions. Trading Excitement is at the extreme for this series.

India VIX is currently trading around 12.13 and down by 2.43% on Wednesdays (01 Nov 2017) trading session. Call writers continue to be holding their temporary bearish bias at 10500 , 10600 & 10700 strikes which could offer some temporary resistance for time being.

Trading Sentiment

Market Profile Sentiment

Odds that say inventory went from long to too long

1)4 poor lows(Exponential) – left uncleared for this series at 10350, 10346, 10187, 10118

2)Prominent POC at 10370 and 10221

3)Poor Structure on Wednesday Trading Session

4)Inside the PCR zone where 10500 strike is so far controlled by call writers.

Overall Short term temporary resistance built around 10500 zone. Price acceptance below 10460 could bring a possible test towards 10340 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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Things you need to know before trading OTM Options

There is a saying that OTM options are for gamblers especially those who are blindly betting on cheaper options. And this post explores how...
Rajandran R
2 min read

Nifty Overheated and Will Nifty Pullback?

Nifty is racing towards an all-time high and in the current swing most of the price action happens in the form of gap up...
Rajandran R
30 sec read

Bank Nifty Futures – Market Profile Charts and Overheated…

Bank Nifty Futures - Market Profile Charts and Overheated Emotions - September Series
Rajandran R
18 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More