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

Post-RBI Policy – Nifty Futures – Market Profile Analysis

21 sec read

Nifty Formed a G2 High (Resistance Zone) at 16550 with an ongoing daily negative sentiment for the very short term. Post the RBI Policy announcement market opened a gap down on Thursday session and trapped fresh sellers at the open followed by late momentum traders buying above value area thereby trapping the late buyers around the close.

Overall higher timeframe still remains down with reduced volatility. For the last three days price rotated between 15300-15550 levels with three days of balancing. Price breaking the balance on the downside could accelerate the price towards 16200 and 15900 levels in the very short term.

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

Political Shocks and Market Crashes: Lessons from Argentina for…

In an unexpected turn of events, the Indian stock market experienced a dramatic crash today following the announcement of the Lok Sabha election results....
Rajandran R
1 min read

Navigating Volatility Ahead of Final Election Results

As the Indian market approaches the final election results on June 4, 2024, volatility has been a key feature of market behavior. This period...
Rajandran R
1 min read

Understanding Gap Events – Market Profile Tutorial

A known event that causes a significant gap up or gap down in the market is typically referred to as a "Gap Event". These gaps...
Rajandran R
2 min read

2 Replies to “Post-RBI Policy – Nifty Futures – Market Profile Analysis”

Leave a Reply

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