Currently Blood, Fear, Anger is there on the streets especially for the Put writers, Investors, Long Only traders. But let me tell you something, “markets are filled with emotions, fear & greed”.
Nifty Futures last Friday has broken the 5-day balance and managed to trade below the 5-day balance. Though breakout failure is seen during the middle of the day value formed lower overall.
This is an Introductory 4 part series on How to Trade Nifty and Bank Nifty Options. This course provides a deeper perspective about how a trader has to prepare themselves to trade Index Options and How to take a view based approach using Market Profile to trade Nifty and Bank Nifty Options.
Nifty Futures on Monday Trading Session turned down which brings the short term trading sentiment down with strong liquidation. And also Tuesday session opened with a gap down and later price started balancing and accepting down below 12220 levels (one of the major support zone for this series)
Last week nifty futures completely entered in a sideways mode. The entire 5 trading sessions ended up in range-bound price action between 12318 – 12412 levels. Too many short term buyers competed in the last three trading sessions building a short term support band in the range of 12318 – 12340 levels.
Short term sentiment continues to be on the positive side for the last 5 trading sessions and price is one timeframe on the daily timeframe. Immediate supports got built around 12345 levels
Nifty Futures last Friday tested all-time high, however, breakout failure is seen at an all-time high which is immediate weaker sentiment.
Nifty Futures quickly recovered from US-IRAN tensions which were impacting the market mood in the short term. However, it quickly recovered on Thursdays trading session and managed to close with a double distribution with a single print reference at 12220 levels.
The last couple of days short term trading sentiment in Nifty Futures is purely a news-driven action responding to US-Iran Tensions, Threats & Missle attacks. Is that the true nature of markets? Yep in a very short term yes. However, these pieces of information are irrelevant when comes to a medium-term or longer timeframe perspective. […]
There will be a theme that is repeated in any strong uptrend against the consensus. The theme is basically to install fear among the traders and to create a consensus opinion and thereby dragging the price against the overall consensus view.
This is my first article for this decade. It is always to start this decade fresh and so comes the handy top-down analysis where we start with monthly timeframe charts and then move to a weekly and daily timeframe to get a perspective and feel about how the other timeframe players are positioned in the market.
Nifty on Thursday expiry day ended with a late spike in Nifty futures with emotional sellers pushing the price down below the value area low with immediate resistance around 12230 levels in Jan 2020 expiry series.