Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Market Profile Analysis: Nifty Futures likely to hit 16000 levels in Short Term?

38 sec read

Nifty on Thursday trading ended with a negative selling pressure despite a recovery from the intraday gap down losses. However, value in Nifty Futures formed on the downside with back-to-back excess. Both Market Profile content and Indicator context still remaining negative and more positional odds for the September series to likely to test 16000 levels going forward with a 70% probability.

Immediate resistance formation around 16500 levels and one have to start focusing on volatility as global market sentiments too seems to be synchronized and likely to reflect in Indian markets as well.

Shoot in Volatility

Current Implied volatility stands at 13.67 with 11% jump indicating that short-term volatility could be returning back to the markets. India VIX too shoots to 14+ levels indicating a potential sharp spike in volatility. At least volatility has to be monitored till mid of Sep 2021.

September series Open Interest

September series open interest levels are still very young but currently, 16500CE levels hold higher open interest levels and open interest levels around 16500 needs to be monitored on EOD basis. And 16500 could be a potential resistance zone going forward.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

What Happens When You Trade in ATM/OTM Options on…

If you are a weekly options trader then here is the list of guidelines that helps you need to know and trade the expiry...
Rajandran R
1 min read

How the 9.20a.m Intraday Straddlers are Being Gamed?

9.20 Straddle is a popular trading strategy in Nifty Options. The strategy involves a very simple execution process and can be easily automated and...
Rajandran R
3 min read

Market Profile Analysis: Nifty Futures likely to hit 16000…

Nifty on Thursday trading ended with a negative selling pressure despite a recovery from the intraday gap down losses. However, value in Nifty Futures...
Rajandran R
38 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More