Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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 Hourly Turns to Sell Mode. Is Nifty Futures moving towards 16300?

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Nifty opened with a gap up on Wednesday trading session with a euphoric sentiment and later witnessed a profit booking from the all-time high. which bring immediate trading sentiment negative and likely odds of facing short term selling pressure

Nifty Hourly timeframe turned to sell mode indicating an immediate short-term selling pressure towards 16460 and 16300 levels in a very short term for the September expiry.

Bank Nifty Futures already holding with selling pressure and likely to move down positionally further down. Bank Nifty hourly is maintaining selling from 13th Aug onwards. The rough volatile side phase finally looks like getting over and the short term trend is getting negative and the daily negative sentiment is holding negative for the last 6 trading sessions.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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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