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 – Volatility is the Keyword – October Futures

1 min read

October month started with high volatile movement in Nifty Futures where it swings between 10857 – 11090 during Monday trading session. But don’t be surprised with such sort of wild volatility swings. On the higher timeframe (Daily Charts) Nifty is still in a sideways mode as last 7 days in a row Nifty Spot tested 11000 levels regardless of where nifty went, which makes the positional trading difficult to hold on to your conclusions. Welcome to the psychological reference game.

The upcoming RBI policy decision on 5th Oct 2018 could be the possible key for a volatility crash. Until then one should maintain a low profile on positional call longs in options if you are a naked option trader. It mostly gets hurts if traded positionally and VIX started crashing on the other side.

Nifty Futures quick flip strategy continues with positional long. However, the price ended closed at the extreme zone. Pink bars(Extreme indication panel) are often a good partial profit booking zones as often it brings very short term reversals at those pink bar zones. Current quick flip support zone comes around 10983 levels. Any price acceptance bellow 10983 could move quick flip to sell zone again.

Nifty Futures 5min Charts

Nifty 10-day ATR at 152 levels that explains the wild volatility swings. OI writers crowded for this series at 10800 levels and mildly crowded at 11000 levels as well.
Nifty Futures daily sentiment turned positive post the late price spike on Monday trading session

Nifty Futures – Daily Sentiment

Re-iterating what I said in the last article, “As I always insist that trading around the psychological round number figures are not going to be easy to hold positional traders. Holding the trades for very short-term works here. Let the volatility crash and let the market bottomed out. Until then keep playing the very short-term moves in the market.”

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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