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 Short Term Negative sentiment continues – Jan 2020 Expiry

1 min read

The last couple of days short term trading sentiment in Nifty Futures is purely a news-driven action responding to US-Iran Tensions, Threats & Missle attacks.

Is that the true nature of markets? Yep in a very short term yes. However, these pieces of information are irrelevant when comes to a medium-term or longer timeframe perspective. Markets have memory on its own in the long run.

Short term sentiment continues to be on the negative mode still with intraday sessions filled choppiness in the last two trading sessions. which is little weird when the trader’s emotions are running high because of ongoing tensions in US-Iran.

When emotions are running high among traders the expectation within them increases drastically and when it is not realized in reality just frustration among them retains. We are in such a kind of situation where short term traders’ emotions are running higher.

Short term inventory hasn’t gone short to too short yet. But just news-driven sell-off holding the negative market mood at this junction. Rise in intraday volatility is a clear indication of Institutional participation.

Weaker references around 12100 and 12010 levels cleared and the price is holding on to the psychological reference 12000 mark on EOD basis.

At this point in time, there is no positive sentiment kicking in. Either price is expected to go sideways to downtrend from here till the mid of the month followed by a possible uptrend in the second half of this Jan 2020 expiry towards an all-time high.

Vlintra V5 – 15min system continues to be in a positive mode since last two trading sessions despite global tensions which is an indication that immediate trend is positive however it could flip to negative only if Nifty again starts trading down below 12000 levels. Thats the key level to monitor for any further downside.

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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