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 Short Term Outlook – August Expiry

26 sec read

Last 4 sessions most of the trading activity happens in a tightly packed band between 11540 – 11600 zone which is an interesting reference zone. On Friday quick flip strategy enters into a shorting mode with resistance comes around 11573 levels which where the price is also closed exactly. The quick flip strategy could turn to buy mode if on Monday price opens and sustains above 11562 levels possibly it could target 11620 levels again and possibly higher.

Nifty Futures 5min Charts

Price sustaining below 11555 on Monday could let the quick flip strategy to continue in a negative mode possibly towards the downward reference 11508 and 11350 levels.

On the daily timeframe indicator sentiment still holding positive for the last 5 trading session and could continue to remain positive if price holds above 11562 levels.

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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