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 – Tough Days for Positional Traders

22 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 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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