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 Supports around 11690 levels

29 sec read

Nifty Futures On Wednesday trading session opened with good Buyers confidence however profit booking started happening post the first 10minutes of trading activity. Trading range was dull most part of the day except the late buyer’s show off in the last 30min. Overall previous days Extreme bullish confidence maintained for the day.

Two consecutive gaps in Nifty Futures remains open in the last two trading session. Out of that one is a weekly gap.

Immediate Short-term supports coming around 11690 levels. Price opening below or trading below 11743 is a likely sign for price testing mostly likely around 11700-11690 levels. A short-term sell could possibly trigger below 11690 levels.

On the daily timeframe indicator sentiment still holding positive for the last 7th trading session and could continue to remain positive if price holds above 11690 levels on EOD closing basis.

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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