Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Nifty Futures Trading Sentiment turns Negative before Expiry Day
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Nifty Futures trading sentiment turned negative one day before Dec 2019 expiry. Though lower volume persisted for the last three trading sessions with not much aggressive participants before the holiday season to begin.
Traders on Wednesday press lower during the second half of the trading session with a late mini spike with immediate resistance around 12245 levels with G2 Low levels.
A negative sentiment with G2 Low levels is a deadly combination for the Thursday expiry which has greater odds of violent expiry.
On the downside still 12150 – p shape balance is acting as a potential support band. Nifty Futures had developed a 3-day balance with short term balancing so far. Price activity developing down below 12245 levels turns the short term trend to downtrends.
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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