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 Sep 2023 Market Profile Outlook

28 sec read

The September series of Nifty Futures commenced on September 1st with an AB Poor Low and exhibited a Double Distribution pattern. This suggests a positive note for the start of the series, with immediate support expected in the range of 19440-19480.


It’s worth noting that the US Stock Market will be closed on September 4th, 2023, for a holiday.

India VIX continues to exhibit low volatility at 11.36% and the Implied volatility of Nifty is around 10.55%, suggesting a subdued expectation for intraday movements. Traders should adapt to trading in a low-volatility market environment by lowering their intraday trade expectations.

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Monthly Options straddle Suggest a 71% probability of Nifty trading between 18799.0 – 20001.0 range

The trading sentiment shifted to a positive outlook last Friday, raising the possibility of reaching higher levels around 19700 and 19800 in the upcoming week.

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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