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)

Market Profile Key Reference Levels – 4th FEB 2016

30 sec read

NF Profile

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Nifty futures opened gap down (Sentimental gap down) on 3rd FEB followed by a balancing action. Back to Back poor high and poor low is noticed on yesterdays auction and prominent POC at 7404. And the value got formed completely on the lower side. And the Auction came in the direction of 3rd FEB Spike suggests possibilities of continuing on the lower side towards the nearest power low zones 7250-7270 zones if market sustains below 7404 in the very shorter run.

Ref Points

Yesterdays balancing auction provides very limited opportunity from the day traders perspective as markets are testing the IB Breakout zones thrice and the sentimental gap got a partial fill and left unfaded in yesterdays auction. And to be noticed markets came down with thin volume.

Daily Market Commentary [Video Log]

httpv://www.youtube.com/watch?v=l3oT13nwrwI

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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