Rajandran R Follow 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 September 2016 Overview

August 28, 2016 27 sec read

Nifty Futures currently trading in a broader consolidation range for the entire august month and the September series contract is still trading in the broader range between 8575-8800. Overall Market mood is not so far benefiting the trend followers. Choppiness is again expected on Monday. However price trading and maintaining above 8600 indicates a possible continuation of the range 8575-8800.

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This consolidation is so far dominated by shorter timeframe sellers and short covering against these sellers are so far missing in the markets.

Open Interest

Currently Open Interest Maintains the market range of 8500-9000.

India VIX

India VIX is currently trading at the lower edge. Low VIX indicates lack of fear about the downside in the market. Overall stock specific longs are preferred if nifty futures maintains below 8600.