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)

Nifty Futures October Expiry Futures – Short Term Overview Part 2

31 sec read

Nifty Futures made a descent recovery from the 9700 reference level. Nifty Futures on the Daily chart is trading below 50 day moving average 9960. However from the short term perspective indicator sentiment continues to be on the positive side with price action forming consecutive higher high for the last 4 consecutive trading sessions since the surgical strike day.

Indicator Sentiment

Put writers are not active and aggressive at 9700 and 9800 levels. Volatility continues to be low Immediate support comes around 9902 levels. Profile sentiment continues to be positive. Price accepting above 9960 will possibly test Weekly Gap reference 10007 and 10049 in the very near term. PCR at 9700 and 9800 strikes comes around 4.18 and 2.44 respectively.

Trading Sentiment

Nifty Futures – Market Profile Charts

On thursdays trading session is controlled by sellers however price manage to hold above the 9902 – prev day rally higher reference level. Going forward 9902 holds the key for the trading sentiment to remain positive.

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)

Nifty Short-Term Trend Turning Negative – Market Profile Update

The short-term trend for Nifty appears to be shifting towards the negative, encountering intermediate resistance in the range of 21920-21950. Additionally, a top-down analysis...
Rajandran R
1 min read

Nifty Futures – Short-Term Overview – Feb 2024 Futures

Nifty Futures is a short term is likely to test the G2 High reference level around 22200. Short Term Supports are formed around the...
Rajandran R
46 sec read

Nifty Sentiment likely to turn Positive?

Nifty Futures is likely to have a short truncated week. And last Saturday's trading session showed a comeback of Bank Nifty despite Nifty Futures...
Rajandran R
31 sec read

Leave a Reply

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