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 Overheated and Will Nifty Pullback?

30 sec read

Nifty is racing towards an all-time high and in the current swing most of the price action happens in the form of gap up and momentum traders are in full enthusiasm to drive the markets further up. And almost all the higher timeframe signals are still pointing to buy mode. And even some of the lower timeframe signals are in buy mode however in terms of the time it is overextending.

Here is the recent quick flip signal on a 10minute timeframe in Nifty Futures went into buy mode on 18th Oct 2022. Since then it had gained almost 800+ points and in terms of time, it had crossed the 14th trading session.

What do you think when will Nifty Futures pullback? Before hitting an all-time high or after hitting All time high?

Any trend reversal odds could favor 18100 and 18000 levels in shorter term.

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 Futures Short-Term Bottom Formation

On the higher timeframe, there was a strong negative sentiment observed in the Nifty. This resulted in a significant decline of almost 650+ points...
Rajandran R
38 sec read

Caution – Nifty Futures Trading Inventory goes long to…

Too many short-term buyers competed in the recent trend from 1st Feb 2023 onwards. However, on Thursday's activity dominant sellers showed little aggression and...
Rajandran R
25 sec read

Nifty Futures – Market Profile Supports around 17700 Levels

Nifty Futures had a highly compressed week for the year 2023 with 271 points high to low range. I would say one of the...
Rajandran R
43 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More