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 Trend Turned Positionally Bearish after a Dual Momentum Auction Rejection – Market Profile Outlook for August Series

49 sec read

Nifty August series on the expiry day had done a dual momentum zone rejection(Market Profile Pattern). Though the price opened a gap up inside the zone but failed to cross the zone which is a clear sign of traders rejecting the zone which involves a short-term top formation setup in a very short term.

Nifty Futures August Series – Market Profile Charts

Nifty Futures August series also accepted down below Wednesday’s late pullback low which is again a bearish sign. The tone of Thursday’s expiry session ended negatively among the traders despite, price trading in the range. Nifty Futures too ended with an outside bar on the daily timeframe.

Overall Market Profile trading context is heavily turned negative.

Nifty Futures Hourly VSA Charts

Hourly VSA chart started with upthrust bar with follow through which is also a starting point for identifying the positional selling odds.

QuickFlip 45minute Timeframe

Quickflip on the 45min is continuing the buy signal for almost the last 4 months which is considered as a long tail signal and trend following can be any time expected to come to an end. And price going down below 19500 levels ends the short-term trend negative (i.e. buy signal comes to an end).

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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