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 – Resistance built around 11727

29 sec read

Nifty cooled down a bit from the extreme bullish sentiment on wednesday trading which also closed the tuesday gap. Last 30min sell-off turned Nifty to a late spike on the downward. That triggered a sell mode in quick flip strategy with immediate resistance comes around 11727 levels. In a short term 11712 – 11727 needs to be monitored for the continuation of sell signal. As long as price stays below 11727 sell mode holds Nifty Futures.

Last two trading days have been predominantly dull boring day during most part of the trading session.

On the daily timeframe indicator sentiment turned negative. It is a soft turn so far not an aggressive one. So any flip above 11727 could put nifty in a tight trading range 11700 – 11800. However price staying below 11727 immediate levels to watch out on the downside are the weekly gap levels 11605.

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)

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