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 – September Expiry Technical Analysis

1 min read

Nifty Futures continues to survive minor negative waves. The immediate short-term trend is positive with supports coming in 11713-11720 range. Global Markets sentiment ended moderately positive except the European indices on last Friday. Key economic indicator India Q1 GDP growth soars to a 9-quarter high of 8.2% Vs 7.7 Quarter-on-Quarter basis. This is the highest growth in two years and strongest since the first quarter of 2016.

On the Negative News Side, EM currency crisis is back around the corner and US President Trump’s proposed tariffs on $200 billion worth of imported goods from China, which could hit in early September.

However, call writers are active for the series at 11800 levels and indicator sentiment maintains negative for the 3rd consecutive session that could keep nifty in a rangebound balanced mode between 11720 – 11820 zones in futures. Only if the price level breaching below 11720 needs to be monitored for any downside bias.

Nifty Futures – Daily Trading Sentiment

At the money IV of Calls at 9.42 and At-the-money IV of Puts at 12.60 that shows markets are compressed and volatility is completely dead at this juncture. Nifty Futures is currently trading at a hefty premium of 55 points which indicates even a gap-up scenario on Monday trading session in the Nifty spot will have little effect on Nifty Futures as possibilities of this hefty premium could be adjusted on Monday morning if there is any possible gap up scenario.

Nifty Spot – 4 hourly charts

Higher timeframe quick-flip analysis indicates Nifty is currently in a neutral stance any positive momentum could further build only if Nifty spot is able to hold above 11710. Maintaining Grey bars in quick-flip trading system is a sign of a possible trend reversal. So one have to maintain cautious stance if Nifty Futures fails to show momentum above 11710 levels.

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 Overheated and Will Nifty Pullback?

Nifty is racing towards an all-time high and in the current swing most of the price action happens in the form of gap up...
Rajandran R
30 sec read

Bank Nifty Futures – Market Profile Charts and Overheated…

Bank Nifty Futures - Market Profile Charts and Overheated Emotions - September Series
Rajandran R
18 sec read

Nifty Futures – Increased Volatility and Downside Odds –…

Nifty Futures during the last couple of days are switching back to increased volatility. ATR is a greater measure of volatility. Because of the...
Rajandran R
36 sec read

Leave a Reply

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