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 – September Expiry Overview

40 sec read

Two more days left for September expiry and volatility started crashing as India VIX is down 3% for the day. On the monthly scale nifty futures is down by -0.6%. Indicator Sentiment continues to be negative for the 6th consecutive trading session. And Profile sentiment continues its bearishness for the 4th consecutive session. Despite all the weakness from indicator and profile based sentiment still market internals remains bullish.

Nifty Futures Daily charts

Short term resistance is witnessed around 9892 levels. Price holding above 9892 levels will change the profile sentiment from negative to positive which could possibly arrest the current downfall. Lack of confidence witnessed from both the buyers and sellers in Nifty Futures. Overall it is a balanced day and tempo goes slow on Tuesdays trading session.

Todays Value area is overlapping relative to yesterdays value area that shows there is no change relative to previous days sentiment.

Nifty Futures Profile Charts

Trading Sentiment

9800PE writers are active for September series and when comes to Oct 2017 option series put writers are active at 9700PE, 9800PE, 9900PE and 10,000PE strikes. At this situation positive close above 9892 could mean a potential trend reversal.

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.

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