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)

Bank Nifty Futures – Market Profile Charts and Overheated Emotions – September Series

18 sec read

Bank Nifty futures today tested the round number reference 40,000 levels. However laggard activity is seen around the Bank Nifty Futures trader’s participation. Laggard buyers are attempting to buy every micro dip in Bank Nifty Futures.

Extreme Indications – Divergence

Bank Nifty showed overheated sentiments with Extreme Indications Divergence on the hourly timeframe as shown below. Price is making higher high and the Extreme Indications values are making lower lows.

Overall in the short term 39300 and 38900 are the levels to watch out in the very short term.

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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