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 Remains Range Bound – September Expiry

31 sec read

It is a volatile Thursday where Nifty futures traded in a sideways mode with increased volatility and wild swings and price manage to close around support zone 11545. Trading sentiment remain marginally elevated on the higher side with quick-flip strategy changed to positive mode around 2.20p.m.

However, Nifty Futures indicator sentiment remains negative. Means any price acceptance below 11545 levels will possibly bring sell signal in quick-flip with expectation on the downwards towards 2 days low – 11434 levels and possibly further lower. Maybe a kind of quick long liquidation is what expected if price maintains below 11545 levels in a very short term.

Nifty Futures – 5min Charts

Call writers are highly stable at 11800, 10700 and 10600PE. 10600 remains as the immediate resistance for the current series. Asian Markets & European continues to maintain negative sentiment and local currency USDINR testing 72 levels(ATH) will bring some negative pressure on the stock indices

Nifty Daily Sentiment

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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