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.

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