Rajandran R FollowCreator 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 Jan 2020 Expiry – Short Term Trend Overview using Market Profile
19 sec read
Nifty on Thursday expiry day ended with a late spike in Nifty futures with emotional sellers pushing the price down below the value area low with immediate resistance around 12230 levels in Jan 2020 expiry series.
Nifty broken the 3-day range and continues with negative sentiment for the second trading day with high confidence sellers being in control since the start of the day.
Since the short term sentiment is maintaining down one can start speculating on the downside weaker references around 12100 and 12018 levels in a short term in Jan 2020 futures.
Related
Rajandran R FollowCreator 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
Successful trading is not just about having the right strategy; it's also about preparation, especially when it comes to the volatile opening hours of...
Nifty Future Market Profile chart shows a sideways broader balancing structure in the last 5 trading session. However 4th Apr structure is indeed important...
Overnight trading inventory is a critical measure for traders, capturing the net position of trades executed during the Extended Trading Session, which occurs outside...
