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 January Trading sentiment Goes Extreme Positive

24 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.

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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