Nifty futures trading negative for the 9th consecutive day and one timeframe as well. And Quickflip continues it short signal for a 6th consecutive trading session on a 5min timeframe which is by any means overextended and the extreme sentiment indicator closed extremely negative.
This Community Webinar (120mins) we discussed some of the basics of Option Concepts like Implied volatility and provides directional guidelines on Directional option trading, Weekly/Monthly Options Strike Selection based on the volatility and when to step away from trading directional options.
Volume profile is a key study when comes to understanding the auction trading process. Volume Profiles will show you exactly how much volume, as well as relative volume, occurred at each price as well as the exact number of contracts for the entire session. It is a visualization tool to understand the high activity zone and low activity zone.
Nifty and Bank Nifty 90 min volume profile charts are shown. Nifty and Bank Nifty 90 min charts are in sell mode since last friday and currently the 90min cloud resistance are near 5180 and 10470 respectively.
SMV Trading system V1.0 – An Intraday Trading Approach with Combination of SDA2 Trend Trading System + Market Profile + Volume Profile (SMV Trading System v1.0)