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 – Topsy-Turvy Mode

54 sec read

Nifty Futures on Monday opened tumbled below the support zone 11490-11510 levels and erased all the Friday gains by EOD. Friday Short-term Momentum Buyers were followed by Monday Short-term Momentum Sellers. India VIX is back above 14 handle with 11500CE, 11600CE & 11800CE writers in control so far. Downside pressure resume back posts Monday’s price action.

US Markets and US Index futures drop as US President Trump slaps a new tariff on China. Goldman cuts India stocks to market weight from overweight as risk/reward less favorable at current levels. Says valuations stretched, most expensive in Asia, trading at record 58% premia to the region; At these levels, equities have historically posted neg returns over next 3-6months. Goldman Sachs downgrades Indian equities for the first time in more than four years.

Nifty Futures Market Profile

Nifty Futures formed a prominent POC on Monday with value built lower that turns the market profile sentiment negative. Price is hovering around the short-term support level 11396. Any acceptance below 11396 could bring a test towards previous swing low which is also the failed auction low at 11296 levels.

Nifty Futures – Quick Flip

Quick Flip turned negative on Nifty Futures at the open and managed to close negative. Immediate resistance comes around 11426. Any sustained move past 11426 could possibly trigger a buy signal. Else Nifty Futures is likely to continue sell mode the whole of Tuesday.

Nifty Futures 4 hourly sentiment turns negative. Price maintaining below 11423 levels will add more pressure towards the 11300 levels. For any positive directional clues, Nifty futures has to sustain above 11423 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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