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.
Whipsaws are quite common in a nontrending market especially when the competition is poor from both buyers and sellers. This usually happens when only trading money competes rather than a strong investing money.
Nifty Futures closed the long pending Island gap reversal this week. Nifty also managed to recover marginally from the lows made but not completely out of the woods yet and continuously facing selling pressure near 11600 levels. Last Friday’s closing ended on a negative note with a sharp fall witnessed in the last hour of […]
A lot many news factors had come in the last 45 days starting right from Exit Poll Announcements, Lok Sabha Election Results, RBI Rate Cut, India Tariff Announcement, July Union Budget session. Despite all these macro events Nifty Futures is still trading in a broader 420 point range between 11650 – 11270 levels.
Nifty Futures for the entire month has been rotating in a broader range i.e the range established on election results day (11640.2-12070). It is almost a month where the price is circling around this zone and the entire activity is mostly dominated by short term players.
Nifty futures on Daily timeframe formed excess on election results day. Excess is the end of one auction and the beginning of another auction. However last Friday there is a failure to follow thro post the Excess and ended as an inside bar and still, the focus on the excess setup remains invalidated.
The big week filled with events is about to start and its good time to have a check up what happened so far in this week and what is the current state of the market and what is the context going on.
How long this sideways price action in Nifty Futures is likely to continue? I guess the same thing might be running through your mind as well.
April Expiry is near and so lot of expectation from the trading community. India VIX jumped to 24 levels however markets are still moving a very narrow range for this expiry. Nothing much really happened since the start of April Expiry. So far the entire expiry traded in 250 point range i.e less than 2.5%