Rajandran R FollowTelecom 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)
Nifty Futures Indicate Immediate Correction
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Above chart is the update of yesterday's 15 min chart
Nifty Future likley to start a bigger and immediate correction from current levels.
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Rajandran R FollowTelecom 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)
Nifty week end review on daily and 90 min timeframe and Nifty Option Details
3 Replies to “Nifty Futures Indicate Immediate Correction”
seems that you need to revise your view
no way… today's rally was not as per technical. it was based on news and budget driven. correction is on the cards.. just wait and see. I admire Rajendran's work and fond of his analysis. after budget real face of nifty will be seen. good luck if u have long position.
@nitin market movements are never not as per technicals.. news and budget are not anything that have cropped up suddenly.. its all in the price.. i think markets do make moves which are some signals before a big event.. see how the market moved up before the election result was to be announced.. and then it made the big move on confirmation.. i think rajendran himself will confirm that movements are never to be ignored.. lets see what happens on monday.. i too feel there should be a correction.. but you never know..
seems that you need to revise your view
no way… today's rally was not as per technical. it was based on news and budget driven. correction is on the cards.. just wait and see. I admire Rajendran's work and fond of his analysis. after budget real face of nifty will be seen. good luck if u have long position.
@nitin market movements are never not as per technicals.. news and budget are not anything that have cropped up suddenly.. its all in the price.. i think markets do make moves which are some signals before a big event.. see how the market moved up before the election result was to be announced.. and then it made the big move on confirmation.. i think rajendran himself will confirm that movements are never to be ignored.. lets see what happens on monday.. i too feel there should be a correction.. but you never know..