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.
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.
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.
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.
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.
Volatility is Dead in November. The intraday trading range got drastically reduced throughout the days of Nov 2019 series. Could be frustrating most of the directional traders. 10 Day ATR of Nifty Futures is at the lowest level for the year 2019. Will the volatility ever will revive? This post will try to study Nifty Futures volatility and understand volatility compression and expansion and how it helps traders to stick to reality.
Last two weeks the major theme in the markets is Crazy volatile swings. Crazy intraday swings in the market would make trading complex for most of the traders during those days.
The current sideways markets running in Nifty Futures is almost 48 days old. And consolidated between 10800 – 11145 levels most of the time.