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 Overview – July 2020 Series

25 sec read

Markets are trading calm compared to the Month of March, Apr, June 2020. Volatility cooled off and trading ranges get smaller and smaller. However, still, a reasonable intraday volatility persists in the markets.

Last 6 days of price action is contained mostly within 10660 on the downside and 10840 on the upper side. Monday’s price action ended with a clear failed auction with potential excess at the day high resulting in a Initial balance breakout failure.

Option writers for this series are expecting a 10600 – 11000 range for this expiry. Short term sentiment remains down for the last two trading sessions.

Monday session also ended with a balance breakout failure which ended with a potential trade setup towards 10660 levels in short term.

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.

Short Covering from an Extreme Short Term Inventory –…

Nifty trading inventory goes short to too short as on last Monday trading session followed by a short-covering rally and this inventory adjustment process...
Rajandran R
22 sec read

State of the Market – 20th June 2022

It's Monday morning and SGX Nifty is trading sub 15300 levels and a little bit of nervousness in the markets as the last Thursday's...
Rajandran R
1 min read

US Market Index S&P500 – Likely to Bounce off…

The more bearishness the people get the more extreme the price will get driven into with more and more crowded short sellers. Such kind...
Rajandran R
1 min read

Leave a Reply

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