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Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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 Market Profile – Shorter Term Trading Outlook

24 sec read

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 flow prevailed throughout the trading day and sentiment favored option sellers to a greater extent.

Nifty and Bank Nifty Futures topped out with G2 High at major swing high which got confirmed on 20th Sep 2023

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Any intraday dip in Nifty could bring a pullback toward Tuesday’s Prominent POC – 19680 and 19700+ levels in the very short term. And Short term resistance coming around 19820 levels.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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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