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)

Will Nifty Futures Pullback to make New High?

55 sec read

Nifty Futures opened gap down and made a island reversal pattern on Monday. Though it is a classical bearish pattern,markets generally reacts against the classical technique most of the time. Trading Sentiment is negative and after the Monday’s impact on markets expectation on the psychological figure 9000 reduced.

island-reversal

Is the Markets Tired? Yes We are in a Emotional Buyers Market which makes the market tradeable but doesn’t suit from the investing view point as the Markets are dominated by shorter timeframe buyers and sellers hunting each other stops and colliding with each other in September series. Currently shorter timeframe sellers are in control and the recent down move looks like more of long liquidation and to remove the weaker shorter timeframe buyers who anticipated the psychological level. Since the drive is more of shorter timeframe sellers behavior and their inventories are piled up one can expect their stops to be hunted in upcoming trading sessions.

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From the Open Interest Point this expiry market is expected to move in a narrow range 8600-9000 as both put and call writers are active in those zones. Volatility increased on Monday trade India VIX is at 15.24 up by 15%. Volatility is like a energy drink which is much more required to get some momentum in the markets and it makes all the trading participants active and makes exotic price movements and brings bizarre and unexpected swings. Stops have to widen as volatility increases substantially and the trading quantity has to be reduced as the swings are quick and wide.

open-interest

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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