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 Futures Short Term Resistance around 12080 – 12100 levels

23 sec read

Nifty Futures last Monday reacted to the US-Iran Tension with a strong liquidation right from the beginning of the trading session. Price too broken outside the short term balance and accelerated downward and the negative sentiment continued.

Nifty formed a double distribution with an immediate resistance band around 12080-12100 levels. Price shooting above and rejecting at the single print levels is a key indicator for a potential test towards the next weaker reference at 12000 levels.

Short Term trading sentiment continues to be on the negative side at this time it is good to prepare for sell on rise. Positive setups can happen only if acceptance is coming above 12080-12100 band.

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.

[Limited Period] Free Mini Certification Course on Market Profile

Market Profile is one trading tool that professional traders would never like to miss in their trading arsenal. This Mini Course on Market Profile...
Rajandran R
1 min read

Beginner’s Guide to Market Profile

Kickstarting your market profile learning? then you cannot miss this webinar where you get to know the basic building blocks of Market Profile and...
Rajandran R
23 sec read

Converge Meet 2020 – Preview Webinar Series

I am very much excited to announce the 5th Edition of Converge 2020. This time converge 2020 comes with 5 Days of Virtual Market...
Rajandran R
1 min read

One Reply to “Nifty Futures Short Term Resistance around 12080 – 12100…”

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More