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 Futures – Intraday Volatility Continues

45 sec read

Nifty Futures intraday volatility improved much better with trendy modes coming with wild swings thereby, keeping traders in busy mode throughout the day. Daily ATR levels improvised to 116.66 levels. Tuesday’s price action showed a downward spike with extreme sentiment followed by Wednesday’s price action with a counter-trend rally in the second half of trading.

India VIX lost 7% of its weight and down to 14.25 levels which is a good sign that possible counter-trend rally in progress. Quick Flip turned to buy mode at 11429.6 levels with immediate supports coming around 11387 levels. Price sustaining on Friday above 11420 levels could bring more momentum trading activity.

Nifty Futures 5min Charts – Quick Flip

From the Open Interest Perspective – 11400PE Put writers are defending with highest open interest and 11800CE call writers are defending on the higher side. If price maintains above 11400 in the spot brings the possibility of testing All-time high levels near the September expiry week.

Four Hourly sentiments turned positive in the second half of Wednesday’s trading session. However daily sentiment continues to be negative for the 2nd trading day. More likely a follow-through rally is required to turn the daily sentiment positive and to sustain above 11400 in the Nifty spot for further continuation of counter trend rally.

Trading Sentiment – 4 Hourly

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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