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 Sentiment turns Negative before Expiry Day

26 sec read

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.

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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