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 Trading Outlook – Aug 2017 Expiry

48 sec read

Nifty Futures Daily Charts

Nifty futures on the daily charts continues it positive sentiment with one timeframing visible on the daily timeframe. However trading range was tighter due to the prevailing low volatility despite increasing global tensions. In the near term 9830 continues to be the short term support. Price acceptance below 9830 will change the current sentiment to negative.

9700PE and 9800PE writers currently active and continue to support whenever nifty spot breaks and close below 9800. India VIX is currently at 12.57. Overall August expiry session continues to show increased volatility.

Nifty Futures Market Profile

So far this august series presented with 4 failed auction patterns the maximum which we can seen in the recent days. First and second failed auction references failed to clear on or before t+5 th day. However thursday and fridays trading presented with back to back failed auction.

Poor Structure combines with emotional selling on 21st Aug 2017 trading got repaired in the subsequent trading sessions. Sentiment is holding positive from the profile perspective. Value area continue to build higher. 9920 and 9960 continues to be trading references to be monitored on the higher side. Trading sentiment is likely to turn down if the price acceptance comes below 9830.

The recent tops in nifty futures at 10150 continues to be a weaker reference with lack of excess formation. Could be a potential zone to look out in the very near term.

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 Look Below Balance and Fail – Targets 15400…

Nifty Futures on the Daily charts trading in a 1000 points range between 14400 - 15400 approximately for more than 2 months. It is...
Rajandran R
21 sec read

Nifty Hedged Futures – Apr 2021 – Short Term…

Nifty Futures had made a sharp drop on Monday Morning (5th Apr 2021) almost touched 14500 levels however post that market had done a...
Rajandran R
1 min read

Options Strategy: Nifty Weekly Bull Put Spread

Nifty Apr Series on the hourly timeframe showed trend exhaustion and the Nifty Futures is trading with 100 pts of premium. Trading sentiment flipped...
Rajandran R
37 sec read

2 Replies to “Nifty Futures Trading Outlook – Aug 2017 Expiry”

  1. Dear Mr. Rajandran,

    Any chance of reviving the equity Supertrend and Live Charts in the near future. Miss all your signal charts.

  2. Dear Mr.Rajandran,
    we are too missing Live Charts a lot….Please consider to revive it at the earliest.
    Even in Intraday signals, we Nifty name is not available.

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More