Nifty Futures started its liquidation phase since the start of Karnataka election results. Clients are liquidating their major long positions and parallelly PRO+DII+CLI also exiting their shorts positions. Most of those long liquidations so far resulted in a net negative trend.
Nifty Futures – Inventory getting short to too short
Nifty Futures on Wednesday trading session exactly respected at the Tuesdays prominent POC and also selling continued at days open. Day ended with a spike with a poor structure combination indicating a potential pullback towards 10540 levels as the short term trading inventory goes short to too short. Current swing low is not secured yet (will be revisited in a very shorter term).
Too Many Weaker References Indicates a Weaker Market – Market Profile
“Too many Weaker References” – What does that actually mean? It means more of short term buyers behavior at every dip where they come and pile at very mechanical references. Those are the references which are often susceptible to retest and at times faster. when the weaker reference levels are exponential it indicates that short term inventory is getting long to too long and the revisiting odds of all those references significantly increased.
Nifty Futures – Market Profile Analysis – 4th May 2018
Nifty Futures formed value area lower on Wednesdays trading session however holding on to the major support level 10698 on closing basis. Both Indicator sentiment and Profile sentiment are holding to negative. More under-performance seen in Midcap and Smallcap stocks. Now staying below 10698 is critical for Nifty Futures towards the downside references 10480. Value buildinng lower is the further key to downtrend in a very short term.
Nifty Futures – Market Profile Analysis – 3rd May 2018
Nifty Futures on Wednesdays session made a high of 2 point away from April month high. Trading session is dominated by intraday buyers followed by a potential daytimeframe stop hunting. Overall sellers controlled the session during the start of the session and second is dominated by long liquidation by intraday timeframes.
Nifty Futures May Series Short Term Trend Overview
Nifty Futures on 30th Apr 2018 ended with a strong closing at the day high. Current swing rallied from 9960 – 10788 i.e almost 818 points in the favor of bulls without any major price retracement. Current trading sentiment is positive across all the timeframe. However the current swing momentum is slow and steady sort of a rolling momentum which pulls lots of inventory pile up from short term trading community and the inventory is dangerously long.
Will the Momentum Buyers in Nifty Futures Fade Away?
It is a momentum buyers market when comes to Nifty Futures trading. Shorter term momentum traders are driving this market in April Expiry series. Every micro dips are bought for this series a typical behavior of momentum players. And the last couple of days shorter term inventory is getting long to to long. No so good indication for the current uptrend.
Nifty Futures – Market Profile Analysis – 10th April 2018
Nifty Futures is consecutively making higher high and higher lows for last 4 trading sessions. This series so far shorter term buyers dominant is more than anyother timeframe. One of the day where shorter timeframe inventory went long to too long. Profile structure is showing a possible instant weakeness however support are building around 10280-10300 levels.
Nifty Futures – Market Profile Analysis – 05th April 2018
Slaughter the Bulls and Bears with the guillotine called Volatility. Yes, market volatility is the name of the game which is being played, and this sort of jitter could confuse the market participants to get out of their positions, to take wrong opinion about markets and the rest to stay away from participation.
Nifty Futures – Market Profile Analysis – 03rd April 2018
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 – Market Profile Analysis – 02nd April 2018
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.
Nifty Futures – Market Profile Analysis – 27th Mar 2018
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.
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