Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Futures and Bank Nifty Futures Profile Summary – 4th Apr 2016

1 min read

Nifty Daily Profile
NFAPR (30 Min)  04_04_16

1)Nifty Opened with a Gap up outside the previous days range. And cleared the Prominent POC at 7794 in the first few seconds after open. On the downside it cleared the Prominent POC reference zone – 7741.
2)The Opening Confidence was good. we thought of Open Test Drive initially but then later the auction turned around to OAOR (Open Auction Out of Range)
3)Day was tough to trade both longs and shorts
4)both Hourly sentiment(intraday bias) and EOD sentiment holds positive at the market close and the value area formed overlapping to higher which suggests no shorts to be carry fwded and we also haven’t carry fwd-ed longs due to the aged trend.
5)Poor Low formation at 7736 and Weak High carry fwding for next day at 7793. This pattern also suggests possibility of fading both the weak high and poor lows in the shorter run.
5)Day type is a normal day.
6)My two Long trades attempted towards 7800 ends in failure SL got hit in both the trades (lost 15 points in nifty future on total). However haven’t attempted any shorts intraday.

Nifty Futures Hourly Sentiment
Hourly Sentiment

Nifty Futures Daily Sentiment
EOD Sentiment

Bank Nifty Market Profile

BNFAPR (30 Min)  04_04_16

1)Bank Nifty opened within previous day range and above prev value area. However IB (Initial Balance ) Breakout happened at the letter C period and BNF went testing the Prominent POC zone 16154.
2)Value Area development is overlapping to higher.
3)Day type is a normal variation day
4)Daily Sentiment and Hourly Sentiment ended positive at the market close and the value area formed overlapping to higher which suggests no shorts to be carry fwd-ed and we also haven’t carry fwd-ed longs due to the aged trend.
5)Havent Done any Trades today in BNF

Bank Nifty Hourly Sentiment

BNF Hourly

Bank Nifty EOD Sentiment

BNF Daily

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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