Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Now the recent curiosity on building Trading AI Agents.

Nifty Futures – Risk of Holding Longs Increasing

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Nifty Futures since the last 8 trading sessions have been crowded by shorter-term buyers and currently, the trading context show that there is risk of holding longs increasing drastically.

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From the market profile charts the low formation around 19850 is an unsecured poor low which is likely a potential target for the November series. Which also qualifies as a super poor low. Immediate resistance comes around 19500 levels on a closing basis with potential target destinations around 19280, 19015, and 19850 levels in shorter-term.

Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Now the recent curiosity on building Trading AI Agents.

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