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 – Short Term Overview – October Futures

49 sec read

A lot of weird things happened during Wednesday trading session. Nifty Smallcap closed positive while Nifty Spot lost more than 150 pts. India VIX spiked above 18.12 levels.
Prevailing Italian crisis, USDINR Hitting all-time high, Weak Asian Markets & Brent crude near 85 USD per barrel. Nifty started underperforming Bank Nifty Futures largely due to Nifty Auto and Nifty IT sector as it is down 2.94 and 1.87 respectively. Two more trading days left for the RBI policy to kick start. Despite all these drama Nifty Futures ended as an Inside bar.

Very short-term sentiment went extreme (the green bars). Pointing to a very short-term trend reversal on Thursday trading at least at the open. Maybe the later part of the day might turn to lackluster trading day or a possible one more inside bar. Most of the shorter term traders are waiting for 200MA to hit. However on the longer timeframe, Nifty is still maintaining a sideways to downtrend

Indicator sentiment continues to be positive on the 2nd consecutive day despite a 150 point fall in Nifty Futures indicates a possibe sideways continuation for next two trading session. Open Interest data points look like the put writing is very much scattered around 10500 – 11000 levels indicates put writers are expecting volatility to iincrase further this week.

Overall still not a right zone for the naked option buyer or seller to take positional traders and neither the markets are bottomed out!

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)

Things you need to know before trading OTM Options

There is a saying that OTM options are for gamblers especially those who are blindly betting on cheaper options. And this post explores how...
Rajandran R
2 min read

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

Leave a Reply

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