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.

Nifty Future – Market Profile Analysis for 20th June 2017 Trading

2 min read

On Mondays trading session price is able to find a new higher equilibrium compare to the Fridays session as value is created higher and market sentiment too revived to positive mode despite Fridays negative close. Entire June trading session is so far in a compressed 100 point trading range between 9600-9700.

This post is a Video log on how to prepare for 20th June 2017 Nifty future trading. Here is the quick summary of what is discussed in the video. From the Top down analysis monthly timeframe is up and trending higher no weakness seen so far on the higher timeframe, weekly timeframe is up (sentiment is up as well) and daily timeframe is balancing and currently sentiment turned positive post monday trading session.

Price migrated higher on Monday’s trading session but Point of control failed to migrate higher which indicates a possible short term inventory getting long to too long and that increases the risk of holding overnight longs. Monitoring the confidence around the open remains the key especially trading in a highly compressed market environment.

On the Higher side mechanical weak sellers are highly active at the all time high and on the lower side weak buyers are active around prev week low(9584) reference. At this juncture no serious fresh money buying or fresh money selling is witnessed in the market but just only the short term buyers and sellers are playing the game so far.

Key Reference Levels

1)Weaker Mechanical Reference Levels ( 9705, 9700, 9685)
2)Prev Week Low – 9584
3)Prev Day High – 9660.6
4)Prev Day Low – 9625.5
5)Prev Day High – 9697

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Nifty Future – Market Profile Analysis for 13th June 2017 Trading
June 13, 2017 by Rajandran 1 Comment (Edit)

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Video log on how to prepare for 13th June 2017 Nifty future trading. Here is the quick summary of what is discussed in the video. From the Top down analysis monthly timeframe is up and trending higher not much weakness seen, weekly timeframe is up (sentiment is up as well) and daily timeframe is balancing. on Mondays session price tried to push below the prev week low but throughout the day confidence remains low selles are not able to succeed in closing below prev week low. We also considering the low below the short term balance and fail scenario for potential test towards 9700.

On Mondays trading session price is able to accept below the Spike base which we discussed on last preparation. Price was trading around the days open most of the time and also price was moving back and forth around the prev week low which is not a sign of high confidence selling on mondays trading session. Finally price manage to close above prev week low (9619.5).

1)Weaker Mechanical Reference Levels ( 9705, 9700, 9685)
2)Prev Week Low – 9619.85
3)Prev Day High – 9642
4)Prev Day Low – 9602
5)Prominent POC – 9623

Trading Scenarios

1)Price opens and breaks the mechanical reference. But after breaking slows down and start rotating and finally manage to close below 9700 reference which indicates a possible low confidence environment not a good sign of upside continuation in the very short term. Sentiment remains positive but overnight carrying risk indicates in this case.

2)Look above the short term balance 9700-9705 levels and fail. Target destination is towards the other side of the mechanical short term balance 9600 reference. (Overall It is a bearish scenario.)

3)Last scenario is price open within the center of previous day range and trades lack luster throught the day thereby value area gets overlapped to previous value area. (Sideways Scenario)

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.

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