Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Nifty June Futures – Hourly and Daily Timeframe turned down

25 sec read

This post tracks the higher timeframes Daily and hourly timeframe in Nifty Futures to understand the ongoing sentiment in Nifty Futures ahead of the RBI policy announcement.

Nifty Daily Sentiment

Nifty on the daily sentiment (turbo rsi indicator) turned negative on Monday trading session indicating a short-term downtrend in progress.

Nifty Hourly Timeframe

Nifty on the hourly timeframe we often look into v-lintra V5 trading system which got turned negative on Monday’s trading session. which brings the resistance above 16650-16700 levels in the short term. Only a positive sustained move above the zone 16650-16700 levels could bring a complete change from bearishness to bullishness.

Overall the Market Environment favors a short-term downtrend focusing downside towards 16350 and 16200 levels.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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