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 at All-Time High – But Risk of Longs Increasing – Market Profile Outlook
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Nifty Futures hit an all-time high in the Monday morning session. It is refreshing to see Nifty resume its bull market trend. However, the market-generated information i.e. the trading context from the market profile indicates a high potential short-term weakness.
Last Week Nifty futures left a couple of interesting market-generated information on the downside. Failed Auction around 19770 levels and weaker references around 19850,19790, 19650 levels. This week Nifty is focused towards 19770 levels and 19650 levels on the downside
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...
