Nifty Futures closed the long pending Island gap reversal this week. Nifty also managed to recover marginally from the lows made but not completely out of the woods yet and continuously facing selling pressure near 11600 levels. Last Friday’s closing ended on a negative note with a sharp fall witnessed in the last hour of […]
A lot many news factors had come in the last 45 days starting right from Exit Poll Announcements, Lok Sabha Election Results, RBI Rate Cut, India Tariff Announcement, July Union Budget session. Despite all these macro events Nifty Futures is still trading in a broader 420 point range between 11650 – 11270 levels.
Nifty Futures for the entire month has been rotating in a broader range i.e the range established on election results day (11640.2-12070). It is almost a month where the price is circling around this zone and the entire activity is mostly dominated by short term players.
Island Gap reversal is one of my favorite trade setups. Which we talked about it numerous times in our blog with live examples. Following are some of the trade setups and tutorials.
Nifty futures on Daily timeframe formed excess on election results day. Excess is the end of one auction and the beginning of another auction. However last Friday there is a failure to follow thro post the Excess and ended as an inside bar and still, the focus on the excess setup remains invalidated.
The big week filled with events is about to start and its good time to have a check up what happened so far in this week and what is the current state of the market and what is the context going on.
Nifty Futures opened gap down on Thursday trading session. The trading activity went on more emotional. During the second half of the session more weaker hand sellers participating in the trade.
Every-time I see the profile charts I see traders fighting for what they want. I see fear & greedy emotions in them. I see the competition floor where traders engage themselves
How long this sideways price action in Nifty Futures is likely to continue? I guess the same thing might be running through your mind as well.
April Expiry is near and so lot of expectation from the trading community. India VIX jumped to 24 levels however markets are still moving a very narrow range for this expiry. Nothing much really happened since the start of April Expiry. So far the entire expiry traded in 250 point range i.e less than 2.5%
On Thursday Nifty Futures opened with the extreme sentiment (gap up). However, Nifty Futures failed to keep the buyer’s enthusiasm up and turned towards the previous days low and completely reversed all its gains in the early morning trading.
Nifty futures so far in April series moving a very narrow range and 10 day ATR is around 110 levels and volatility is on the falling side.