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)

Sell in June and Go Away? Nifty Futures – Market Profile Analysis

29 sec read

Nifty Future short-term trading inventory getting long to too long. It is high time to keep caution on long positions as the Nifty rallied nearly 1000 pts in the last couple of days in a very short span of time. Dominant sellers are attempting to take control of the market.

From the Market Profile perspective, short term inventory getting long to too long is a trading scenario where extreme high enthusiasm running in the market will be followed by profit booking in a very short term.

In the very short term looks like 16500 and 16350 levels are possible. However, sentiment is expected to get weaker and have higher odds of breaching the May series month low i.e 15733 during the medium term as weaker references are at 15900 and 15750 levels. Which Brings me the thinking sell in June and go away!

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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