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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Temporary Bullish Vibe in Nifty Futures – Market Profile Analysis

38 sec read

In the last couple of days, the two-way auction process could have frustrated the positional traders to the core and information is very frequently changing and that made trading a bit difficult for most of the trading community who deals with index futures and options.

However Nifty June futures breached the low of 20th May and post that resulted in dominant trading activity – active trading money participation which brings a very short term bullish odds.

The price drop in Nifty June futures was steeper and recovery from the intraday low on Thursday trading session was, even more, steeper indicating that shorter-term momentum buyers are in control which brings the momentum trade setup towards the Pending PPOC levels around 16430+

Though the dominant trading activity is temporarily bullish however the low formed today is questionable and need to deal with this information cautiously during the June series as the odds are very higher that post a short-term price recovery price does have the odds of revisiting back to 15900 levels most likely around 1st or 2nd week of June expiry.

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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

TradeZilla 6.0 – Intensive Mentorship Program on Market Profile,…

For traders who want to gain expertise in Market Profile, Orderflow, Market Microstructure, Options Trading & Trading Systems we are running 150+ hours of...
Rajandran R
6 min read

Cardinal Rules for Short Term Traders – Market Profile…

If you are short term derivative trader using Market Profile then here are some of the very important cardinal rules which could help...
Rajandran R
1 min read

Bank Nifty Futures – Market Profile Charts and Overheated…

Bank Nifty Futures - Market Profile Charts and Overheated Emotions - September Series
Rajandran R
18 sec read

Leave a Reply

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