Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. 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 January Trading sentiment Goes Extreme Positive

January 2, 2019 25 sec read

Nifty futures is currently trading in a sideways band for the last three trading days. Liquidity is almost dried up in the last three trading session. However last hour of trading shows some volume ramp with trading sentiment getting into extreme (pink bars).

Last Hour Volume Ramp – Liquidity Flow

Immediate quick flip supports comes around 10908 levels. As the sentiment is getting back into extreme any down move below 10908 levels could bring a potential target of 10840 and 10800 levels respectively.

Daily Trading Sentiment

Daily trend sentiment is holding positive and trading very close to the recent swing high. Caution is advised if the trading sentiment changes could result in a short term trend reversal.