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 5

24 sec read

Nifty Future is trading very close to the all time high with mixed trading sentiments from market profile and indicator which could eventually lead into a sideways to uptrend phenomenon. Market internals are increasingly holding positive and put writers are aggressively killing the option premium at 9800PE, 9900PE, 10000PE, 10100PE. Diwali’s emotional trading is overcome by the Monday’s price action.

Market Profile – Nifty Futures

Nifty futures major key reference levels comes around 10200 and 10211. Any price acceptance above those levels could bring a potential short covering as stops are built above those zones and a possible retest towards all time high. However price trading below 10200 could bring a sluggish sideways movements in the very short term.

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)

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