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 Hourly Exhaustion and Trading Inventory getting short to too short

19 sec read

Nifty Futures on Monday’s trading session opened a gap down and started trading inline with the global sentiment. However, in the second half of the day price breached the last quarter low and started recovering fiercely with hourly exhaustion as the extreme indications are active on the hourly timeframe.

Nifty Hourly Charts with Extreme Indications

Nifty Futures on the Market Profile charts indicated a potential short-term inventory getting short to too short which brings a possible short-covering odds towards 15950 levels and in a best-case towards 16200 levels for this week.

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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