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 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 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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