Rajandran R FollowTelecom 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)
Nifty August Futures Market Profile Review on 23rd Aug 2023
12 sec read
Nifty Futures created a temporary resistance around 19435 levels (visual short term reference) forming a super poor high on tuesday trading session and currently auction in a very short term is focussed towards 19250 levels breaking the last week low.
Higher timeframe auction still maintains down. Things could change if there is a sustainable close above 19520 plus levels.
Rajandran R FollowTelecom 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)
Nifty Futures on Tuesday's trading session ended flat with a rotational auction which resulted in an inside bar and prominent POC formation. Lower volume...
