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 Overheated Trading Sentiment – August Futures

39 sec read

Bank Nifty – Quickflip Strategy

Bank Nifty Futures is running in one single direction from the 18th of July onwards since then it had gained more than 4500+ points in the current swing with a very little pullback. Sellers are under heavy frustration as the markets are not pulling back in their favor.

Quick Flip on 15min timeframe is running buy signal almost for a month. Current Buy Signal is running for more than 500+ bars which rank 7th in relation to the last 13 years of backtesting i.e statistically overextended.

On Tuesday both Nifty and Bank Nifty opened with a weekly gap due to strong global sentiments and post that markets traded lackluster with rotational trading most of the time. BankNifty’s initial rally got fizzled out and managed to rotate the rest of the day with little bearishness.

Bank Nifty Market Profile Charts

There are times an overheated market remains overheated for a longer period. However, when the short-term sellers showed up in Tuesday’s trading session immediate dominance is witnessed from the sellers which could lead to temporary selling pressure in Bank Nifty towards 38600 levels.

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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