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 Quick Flip Overview – Nov Futures

29 sec read

Nifty Futures quick flip is continuing its uptrend since 31st Oct 2018 onwards so far current buy signal completed 6 trading session or 1785 minutes. Comparing with the historical holding period (2011-2018) for Nifty futures quick flip had 74 occurrences out of 1142 trade where its holding period exceeded beyond 1750 minutes.

Quick Flip Holding Period Distribution

Going by the data points there is only 6.4% of odds that this long setup is likely to continue and higher possibilities i.e 93.4% odds that mean reversion is likely towards 10500 levels or in worst case lower towards 10370. Also 6 extreme indications witnessed in the current uptrend which is also larger by any means. Muhurat trading session ended with extreme indications.

The green bars in quick flip signifies momentum bars. If the shorter term momentum uptrend to change then a sustaiable price activity below 10582 confirms the high probability mean reversion odds.

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.

Bearish Option Strategy: Nifty Hedged Puts – Nov 2020…

Structurally Nov 2020 series is closing the long pending island gap reversal which is an investing reference. However, emotions are running high during the...
Rajandran R
42 sec read

What Could Possibly Go wrong with Nifty?

As of last 9th Oct 2020 closing of Nifty (11914), PE ratio stands at 34.71. By any means it indicates euphoric markets. Recently there...
Rajandran R
1 min read

Nifty Futures Short Term Overview – July 2020 Series

Markets are trading calm compared to the Month of March, Apr, June 2020. Volatility cooled off and trading ranges get smaller and smaller. However,...
Rajandran R
25 sec read

Leave a Reply

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