Marketcalls
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Creator of openalgo. Specializing in Market Profile, Orderflow, Amibroker AFL, Pinescript, Python, Building Trading Systems and Building Automation Platforms. Breathing markets since 2006.
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Last week is more of news-driven week across global markets.
What Iam thinking of Next Week. #NF #MarketProfile
When Does Nifty Break out of the Longer Consolidation?

The current sideways markets running in Nifty Futures is almost 48 days old. And consolidated between 10800 – 11145 levels most of the time.

Markets trading in such a tight range with higher intraday volatility is something new to us which could bring a lot of frustration to the people who are not able to adjust to the newer situation especially the traders who are anticipating a stronger breakout.

Now the real question is how one can understand with simple technical indicators when this 8 weeks of tight consolidation is likely to come to an end?

The answer is there with the Nifty Hourly ADX charts. Interesting thing is Hourly ADX resumed above 20 after a long time which sparks…

https://www.marketcalls.in/futures-and-options/when-does-nifty-break-out-of-the-longer-consolidation.html
Warning: Strong Volatility Ahead

Indian Finance Minister Nirmala Sitharaman announces corporation tax rate cuts and slashed to 22% (effective rate 25.17% including cess and surcharge) and that’s the Internation news, probably the most favorite talk among the media, traders, investors, promoters and almost every market participants this weekend.

The news not only spooked the markets but also the technical indicators. Yes, the 10 day ATR which helps traders to identify high volatile markets made an all-time high. i.e Indian Markets are highly trading in an extremely volatile environment historically which will likely bring a lot of unpredictability in the trend.

Nifty daily charts with 10-day ATR

India VIX ended -0.96%% for the day at 15.4. Though not much of jump in India VIX it…

https://www.marketcalls.in/futures-and-options/warning-strong-volatility-ahead.html
Trading Money – Nifty Futures Outlook using Market Profile & Orderflow – 2nd Oct 2019

Trading money is a webinar on how to build context using market profile and orderflow and how to use to those context to understand how other market participants are positioned and how one can use those information to prepare for the upcoming trading days in Nifty Futures and what one can expect from the market generated information.

https://www.marketcalls.in/futures-and-options/trading-money-nifty-futures-outlook-using-market-profile-orderflow-2nd-oct-2019.html
NF, major news and events for last week.
Top-Down Analysis – Nifty Futures Trade Preparation for Mid October 2019

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 average swing in Nifty is about 180-200 pts and in Bank Nifty the average intraday swing ranges between 750-1000 pts. 10-day ATR for Nifty and Bank Nifty respectively at 188 and 905.

Post the corporate tax cut announcements not much of major news based or even based impact. when comes to nifty futures, it is more volatile driven in a non-news based / stock driven environment.

Major News and Events Vs Nifty Futures

Nifty on the monthly timeframe maintains the 2000 point consolidation (balancing) range for the past…

https://www.marketcalls.in/futures-and-options/top-down-analysis-nifty-futures-trade-preparation-for-mid-october-2019.html
Nifty with Extreme Positive Sentiment nears Resistance

Nifty Futures on Thursday session reached near the resistance level 11600-11650 band. The street sentiment is overheated and too many traders and momentum traders competed in the last couple of days.

Nifty Futures Quick Flip

Quick flip supports are coming around 11470-11480 levels and the trading sentiment is continuing positive so far. Breaking this band could turn the trading sentiment negative.

During this week market moved towards north despite negative news sentiment in the markets. Short term momentum traders jumped in the post the UK-EU Brexit deal news announcement.

Nifty Futures – News Flow

Price could find a resistance zone around 11650-11680 band as derived via market profile and possibly profit booking from short term players.

Nifty Futures – Market…

https://www.marketcalls.in/analysis/nifty-with-extreme-positive-sentiment-nears-resistance.html
Nifty with Extreme Positive Sentiment nears Resistance

Nifty Futures on Thursday session reached near the resistance level 11600-11650 band. The street sentiment is overheated and too many traders and momentum traders competed in the last couple of days.

Nifty Futures Quick Flip

Quick flip supports are coming around 11470-11480 levels and the trading sentiment is continuing positive so far. Breaking this band could turn the trading sentiment negative.

During this week market moved towards north despite negative news sentiment in the markets. Short term momentum traders jumped in the post the UK-EU Brexit deal news announcement.

Nifty Futures – News Flow

FII index futures spiked on the day of EU-UK Brexit deal announcement. It is a weird data point when the street sentiment is bullish.

FII Index…

https://www.marketcalls.in/analysis/nifty-with-extreme-positive-sentiment-nears-resistance.html
A plethora of News flow for this week. Nifty Futures thus far ended up in a sideways mode.