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 View – 16th Apr 2019

41 sec read

Nifty futures so far in April series moving a very narrow range and 10-day ATR is around 110 levels and volatility is on the falling side.

The Surprising fact is India VIX (Volatility Index) keeps going up despite muted volatility. Currently India VIX is at 21.39

Nifty Futures hourly timeframe is rotating around the center of the previous consolidated zone i.e 11740. So far multiple price rejections seen at 11740 levels. Acceptance above 11740 is a positive sentiment towards 11800 and 11840 levels.

However so far serious money playing the game is mostly missing in the markets and every other day speculative interest from small traders increases possibly due to the parliament election results on 23rd May 2019.

It is going to be a short three-day trading session week. That means weekly option premium erosion will be faster in the current and next series
even if the market trends, either way, weekly options are likely to make little money from directional trades especially the ones which are carry forwarded.

NF quick flip is holding longs with support coming around 11722 and 11695 levels. Daily Trading sentiment in Nifty futures holding positive.
One should avoid trading longs especially if price started trading below 11700 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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