Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.

Nifty Futures – Tough Days for Positional Traders

21 sec read

Every-time I see the profile charts I see traders fighting for what they want. I see fear & greedy emotions in them. I see the competition floor where traders engage themselves

Talking of Nifty Futures price action brings a lot of frustration to the positional traders. Last 5 days of price action been contained under less than 160 point range. However medium-term sentiment still holding negative for time-being. Prefer to Sell on Raise mode with resistance coming around 11840 levels.

Not sure about this political event results. But this May 2019 could be sell on rise. Price breaking 11726-34 is the first sign of weakness for any immediate medium-term downtrend towards 11400.

Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.

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