Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Nifty Futures in a Compressed Trading Range – Market Profile Analysis

1 min read

Last 5 trading sessions Nifty Futures are trading in a very narrow range 120-144 point range. No Clear Sell Signal or a Clear Buy Signal. The Slow rotation in the markets for the last couple of days brings frustration for those who are anticipating the trend.


Market Profile Observations

1)G2 High with Daily Trading Sentiment Negative
2)Back to Back PPOC
3)R-PPOC on Thursdays trading session.

Auction Bias is currently neutral and Wednesdays downside price action is not a serious acceptance. So Auction could turn positive only if the Thursdays R-PPOC is able to taken on the upper side 25351.

Failing to clear 25351 immediately could result in temporary positional selling pressure.

Nifty Monthly Options Open Interest Data

Nifty Open Interest holds positional extended supports around 24850-24950 levels.


For the Markets to show bare minimum bullishness the markets requires a sustainable move above 25260+ levels for a potential target towards 25350+ and higher levels

Long Term Trend Check
Long term trend still in the upward trajectory with intermediate trend also turned positive for the last 4 weekly sessions with one time framing. So still any quick corrections or any selling traps could be seen as a potential buying opportunity.

Last couple of days positional put buyers are in greater disadvantage and very seasonally getting rewarded and that too for a very short duration since 2024 Election Results. That’s a signature of a traditional bull market.

Upcoming FED Event.

The CME FED Watch tool shows that currently 61% probability of 25bps rate cut and 39% of 50bps rate cut. This event could be seen as a historical moment in the US Market. So Volatility could start jumping ahead of the event.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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