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)

Signs of Medium Term Trend Exhaustion in Nifty and Auto Stocks

29 sec read

Nifty and Nifty Auto index is showing signs of possible medium term trend exhaustion on the weekly timeframe. Also recent surge in global markets volatility is a concern in the medium term. In the last three trading sessions 9500 remains the psychological reference and lot many stops are hunted above and below the reference and now price sustaining below the previous week high 9450 remains the key for sustained weakness in the upcoming trading sessions.

Nifty Weekly Charts

Nifty Auto Weekly Charts

Long Term Bubble Signs in BSE 100

Mr.Didier Sornette’s Bubble prediction indicators are at the extreme indicating a possible trend exhaustion in the medium to long term. A positive value of the DS-LPPL bubble indicator suggests a future drop and/or higher volatility.

Price trading confidently above 9450 and able to sustain above 9500 would change the scenario.

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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