Nifty Futures on Monday session opened with higher confidence however got back into the previous days range and started balancing in the first half before picking up the high confidence from the buyers in the second half followed by a late spike in the last 45 minute. Spike rules apply for Tuesdays trading.
Nifty Futures on the Daily charts hovering still below the 200 Moving average level 10194. Currently SGX Nifty is pointing towards a possible open above 10200 levels. Though volatility in Indian Markets are muted relative to Global makrets still daily ATR is holding above 124 level that entertains short term and Intraday players. It is not a dull boring markets like the year 2017 anymore.
This is the short post to let you know that I’ll be speaking at Traderscarnival 2018 Conference about Crowd Intelligence and Market Profile. The Traders Carnival Conference that will be held at Mumbai at The Renaissance, Powai, at the financial hub of the country, May 25 to 27, 2018.
New Financial Year about to start and it is always refreshing to kick start with a unbiased outlook especially when a new derivative series starts. Structurally so far correction in Nifty is a complex wave-like downtrend in the last two months. Feb 2018 index futures lost 4.9% and lost 3.8% during the month of Mar 2018.
There’s a widespread assumption that supply and demand drive oil prices. Almost all economists base their oil forecasts entirely on this premise, and so do many speculators.
If the oil industry ramps up production and increases supply, economists expect a drop in oil prices. If production decreases, or some other factors hint at supply constraints, they anticipate a rise in oil’s price.
Mondays Auction flipped the trading sentiment back into the positive mode. Trading sentiment to turned on the positive side. Though the opening confidence was lackluster went sideways and trading inside the previous days range in the first half of trading session. Second session broken the previous day high with a greater confidence and maintained the confidence throughout the day forming a back to back secured low.
Are you a trader in equity/currency and commodities? And tired of maintaining separate balances in each account? Well, SEBI on Sept 2017 proposed trading in equity and commodity market via a single entity.
A short and truncated week, end of fiscal year coming in and only three more days left for the expiry. Global markets closed on a negative note as trade war sentiment going on. Most of the world indices closed negative for this week.
Nifty is trading on the verge of higher timeframe stop trigger zone. Contra players can argue that one can bet on longs with stop loss as current or previous swing low at 10055-10075 levels. But for most of the long position 10055-10075 zone could be a reference point for exit/reversal point. Last 4 days of trading session nifty is balancing in a broader 10075-10250 range.
Nifty Futures opened gap up on Wednesday trading session removed some of the weaker hand sellers in the first hour of trading session. Rest of the day – intraday buyers piled in at very mechanical and visual references. Interestingly the dip buyers came throughout the day (mostly weaker hand buyers) with value forming higher relative to the Tuesdays trading session.
Short term sellers who showed their aggressiveness failed to show the continuation on Tuesdays trading session. Price opened gap down on global market sentiments however follow thro sell-off was largely missing in the markets and the day eventually turned out to be ORR day and price traded in a low confidence environment through out the day.
Bombay stock exchange is the first Indian Exchange to integrate their currency derivative Instruments with Metatrader 5 platform. Bombay Stock Exchange is the oldest stock exchange in Asia with a rich heritage, now supports demo access with Metatrader 5 platform. User can now Open an demo account on the MetaQuotes-BSE-Demo server and start receiving realtime quotes and charts of BSE Currency derivatives. The most interesting part is, you can apply technical analysis tools and perform back-testing using the exchange’s historical price data.