Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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