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 Short Term Trend – December Series Market Profile Analysis

40 sec read

Nifty Short term trend continues to be in a positive zone with an immediate single print support zone comes around 12080 and 12125 levels. However first week of December series is likely to be a cautious uptrend as macro events like GDP Announcements & RBI Policy announcements are nearing.

Post the Mondays elongated trading session, short term traders are piling up and that brings the cautious approach in the trend. These are the places traders have to get into very short term positions until the events get over and good to remain neutral post the trading sessions.

AB Poor Low formation near the swing high on last Thursday session indicating that too many short term traders onboarded to current prevailing uptrend and probably nearing the end of the trend.

Since there are single print zones that could act as a support zone. The negative trend could prevail only if those single print zones get broken. Until then a mild positive bias is anticipated.

Post the GDP Announcements, RBI Policy trend reversal can be anticipated on the downside. Until then one has to hold the breadth and keep riding the current short term trend.

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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