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.
Nifty Futures trading sentiment turned negative one day before Dec 2019 expiry. Though lower volume persisted for the last three trading sessions with not much aggressive participants before the holiday season to begin.
Holiday seasons are nearing and also the Dec 2019 expiry. We have three trading sessions left for the expiry. Last Friday Nifty formed back to back failed auction with G2 Low reference. This is an indication that a trader has to change his approach and possibly the view about the markets.
Too many short term emotional buyers are speculating in Nifty Futures in the last two trading sessions by buying every mico dips in Nifty Futures. Though the short term auction is still on the upper side for the last 7 trading sessions. Short term risk in holding positional longs increased in the last two trading […]
Nifty Futures on last Friday trading session done a 6-day breakout which also brings the short term trend to be in the uptrending mode. More trading signatures of short term players piled on Friday trading session from the intrabar halfback references and weaker lows on last Friday trading session.
Nifty Futures Monday session started with less of an excitement. Monday morning has broken Friday’s low however trading continues to be lackluster and activity started balancing around 11960-11980 levels. Very less amount of excitement is seen on Monday trading session from market participants.
Both Major macro announcements GDP & RBI Monetary Policy Announcement is over. At this point markets reacted moderately negative to both of the macro events. And to everyone surprise, RBI kept the Interest Rate unchanged.