Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Nifty Prediction – Short-Term Sentiment – Emotional Sellers Getting Trapped

44 sec read

Nifty Futures last Friday closed -103 pts negative closing with a negative tone giving the impression of profit booking. However, from the market profile structure perspective, Tuesday’s session resulted in a poor structure and sellers attempted to short in the hole (i.e selling at a poor trade location) resulting in trapping the late weaker hand short sellers.

Trading sentiment remains positive, with expectations that weaker short sellers will face challenges, potentially leading to a short covering. This could drive prices to test the all-time high levels of over 22150 in the very short term.

Broader level Bank Nifty is seen underperforming Nifty and it is expected to underperform this week as well. However, the underlying structure of Bank Nifty is positioned on the positive side with limited downside risk.

In recent days the market volatility is very good resulting in a descent swing in the markets on both sides from an intraday day perspective. And the volatility is likely to continue shortly as well. Major Nifty Future Supports for this series is expected around 21700 levels.

What do you think.? Will the short sellers get into the trap once again? If yes then this is not the first time in this series short sellers are getting into the trap.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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