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Nifty Futures opened gap down on Thursday trading session. The trading activity went on more emotional. During the second half of the session more weaker hand sellers participating in the trade.

Nifty Futures closed negative for the 7th consecutive day. Medium term trend still pointing towards the downside odds towards 11000 levels. However from a very shorter term perspective shorting risk increases and hence it is always sell on rise markets.

Nifty Futures Market Profile Charts

From the Nifty Profile Charts it is evident from the poor structure that emotional sellers controlled the day post the gap down. Thursdays Gap and Failed Auction are the key reference levels to monitor on the upper side.

Nifty Futures 5min Quick flip system

Nifty Futures quick flip is in sell mode for the 4th consecutive session and currently supports are coming around 11310-11327 levels. Price holding this levels once can anticipate a test towards 10404-10420 levels.

However on the downside the immediate supports are currently around 11000 levels as per the monthly open interest setup. 11000PE in May series holds the highest open interest which could be considered as the medium term supports for the current month on EOD basis.

Nifty Option Open Interest (Monthly)

Client Index Options – Calls Open Interest on Raise

What is more alarming is the client index call options (Buying) on raise for this may series which is way more than the usual put writing (Selling) which is the primary business for the clients. which is usually a sentimental factor that his markets are not likely to do a v-shape reversal anytime soon and the upside odds are highly reduced.

Nifty Vs Client Index Options

Overall limited upside from here and more room for downside still left for this series towards 11000 levels. Sell on rise mode continues.

Related Readings and Observations

The post Nifty Futures – Upside Odds Remains Capped appeared first on Marketcalls.

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In a life full of abundance, it has been become increasingly difficult to make the right decision on the right investment at the right price and right time. There are a plethora of choices that plague the investor’s decision because you don’t know which is good for you. So essentially when it comes to investing you can “go the whole hog” on FD, bonds, Gold and to equities. The challenge is that each of them has many shades of variance.

So, how do you search for “the needle in the haystack”. Difficult isn’t it?

Let’s start the focus on Equity at this stage and figure out what’s in it for you. Who can invest in Equity? 

Questions on Equity Investing

Can you accept the price fluctuation in the stocks or MF that you buy?

·         If market tanks will you add investment?

·         Can you stay for at least 5-7 years

·         Can you stop listening to media, newspaper, and friends on investment ideas after you start investing through an advisor

If your answer is “Yes” to all the below questions then it means you can start your investment in Equity. If you are a freshman to Equity, then start with Index or ETF and open a De-mat account to enjoy a host of the facility.

Who could invest in Funds or ETF?

Anybody can invest and it can suit long-term, medium and short-term investors. There are various products that can suit investors based on investment duration. ETF has more advantages than Index Fund

You can start with ETF or Index. However, ETF has few advantages over Index if you are looking to trade in markets

ETF‘s are traded in the market through the normal trading terminal of the exchange. Traders who have a trading account will have to do nothing to start savings in ETF.

Once you are convinced then the process is simple. Select the symbol for the ETF listed in the exchange. Some of the ETF traded in the market is tabulated for your reference.

NameSymbolUnderlyingLaunch Date
Reliance ETF NIFTY BeESNIFTYBEESNIFTY 5028-Dec-01
Kotak NIFTY ETFKOTAKNIFTYNIFTY 5002-Feb-10
CPSE ETFCPSEETFNIFTY CPSE28-Mar-14
Kotak Banking ETFKOTAKBKETFNIFTY Bank04-Dec-14
SBI ETF NIFTY JuniorSETFNIFJRNIFTY Next 5020-Mar-15
SBI ETF NIFTYSETFNIFTYNIFTY 5023-Jul-15
BHARAT 22 ETFBHARATIWINS&P BSE BHARAT 2228-Nov-17

How to Invest in ETF:

If you have a trading account, then buy ETF. You can choose to do a lump sum investment (any amount you can choose from 5k onwards). If it comes to monthly SIP, you can do a monthly SIP on ETF (will be made available soon) or simply buy an Index Fund to start the SIP on paperless mode.

Plan to save you profits into small SIP or lump sum investment into mutual funds. This will ensure that you keep taking some profits off the table that will serve as a hedge and at the same time, it will not be away from equity as you save in SIP or ETF


Related Readings and Observations

The post Beginners Guide to ETF Investing appeared first on Marketcalls.

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Every-time I see the profile charts I see traders fighting for what they want. I see fear & greedy emotions in them. I see the competition floor where traders engage themselves

Talking of Nifty Futures price action brings a lot of frustration to the positional traders. Last 5 days of price action been contained under less than 160 point range. However medium-term sentiment still holding negative for time-being. Prefer to Sell on Raise mode.

Not sure about this political event results. But this May 2019 could be sell on rise. Price breaking 11726-34 is the first sign of weakness for any immediate medium-term downtrend towards 11400.

Related Readings and Observations

The post Nifty Futures – Tough Days for Positional Traders appeared first on Marketcalls.

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Join our trading room this 23rd May 2019 Election results and learn many interesting nuances on Nifty and Bank Nifty trading using Market profile and Orderflow principles. It is a complete one day packed session on Market Profile and Orderflow with live market commentary and live access to our trading room.

When : 23rd May 2019 ( Election Results Day)
Timings : 9.00a.m – 3.30p.m IST

Join Live Trading Room

If you are beginner out there on Market Profile and Orderflow concepts then it is recommended to get the basics before you are joining us. The following video will help one to get the basics before onboarding the live training room.

Learn Market Profile Basics

Introduction to Market Profile Basics - YouTube

Learn Orderflow Basics

Learn Orderflow Basics and Crash Course Preview Webinar - YouTube

Related Readings and Observations

The post Live Market Profile and Orderflow Trading Room with Live Market Commentary on 23rd May 2019 appeared first on Marketcalls.

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Join our trading room this 23rd May 2019 Election results and learn many interesting nuances on Nifty and Bank Nifty trading using Market profile and Orderflow principles. It is a complete one day packed session on Market Profile and Orderflow with live market commentary and live access to our trading room.

When : 23rd May 2019 ( Election Results Day)
Timings : 9.00a.m – 3.30p.m IST

Join Live Trading Room

If you are beginner out there on Market Profile and Orderflow concepts then it is recommended to get the basics before you are joining us. The following video will help one to get the basics before onboarding the live training room.

Learn Market Profile Basics

Introduction to Market Profile Basics - YouTube

Learn Orderflow Basics

Learn Orderflow Basics and Crash Course Preview Webinar - YouTube

Related Readings and Observations

The post Live Market Profile and Orderflow Trading Room with Live Market Commentary on 23rd May 2019 appeared first on Marketcalls.

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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.

Nifty Futures – Hourly Charts

Could this sideways action run till election results?
I don’t think so. Market Should show some directional price action before elections.

This market could be totally frustrating if one is not able to manage their expectations in the markets. Or if you are looking for some sort of directional price action movements and markets are not elongating in traders favor.

Such kind of frustrations can be overcome only if you learn to manage your expectations in the markets or possibly cultivate a habit of learning to trade in sideways markets or A trading process which keeps your emotions and expectations in control to be a profitable trader during such weird market circumstances.

Market Outlook

Nifty Futures opened with a moderate bullish bias on Tuesday however it got quickly sold off due to the yes bank selling pressure. Most of the yesbank drop came in the first 1 hour of trade.

It is a news based sell off in Nifty Futures and most of the price drop is Nifty and YesBank is done in the first hour of trading on Tuesday trading session.

YesBank – Hourly Future Charts

Nifty Futures – Top Down Analysis

•Monthly – One timeframing
•Weekly – 4-Week Balancing
•Daily – Balanced for entire April 2019
•Hourly – Balancing with VPOC around 11726-34 levels

Implied volatility is maintaining for this series currently around 20-24 levels at the start of May series. Maintaining this band brings lot of intraday volatility which benefits mostly intraday option players. Any increase in the momentum of Implied volatility is a further added advantage for the intraday directional option players.

Nifty Option Open Interest

Nifty Options May monthly options currently highest open interest is visible at 11000PE and 11600PE levels.

Nifty Futures – Market Profile

Nifty Futures – Market Profile Charts

Nifty Futures formed a balanced pricing structure on Yesbank Sell off day where the days bottom is done in the first hour of the day following a 2-day low break. If is a Prominent POC as well at 11750 levels. Failed Auction on 24th Apr 2019 in Nifty May future contract so far completed t+4 trading days. Possibly any price action further down below 11726 could bring a test towards 11660.

Going by the above factors one can initiate short if price starts accepting down below 11726 levels for a test towards 11650 and 11600 levels. One should shorting NF if price holds above 11726-11734 price band.

Related Readings and Observations

The post Nifty Futures – Sideways Balancing to Continue? appeared first on Marketcalls.

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This Community Webinar 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.

It also provides guidelines on how to combine Market Profile & Volume concepts for directional options trading. Where we discussed 8 balance trading rules with suitable examples.

1)Look above the balance and fail
2)Look above the balance and accelerate
3)Look below the balance and fail
4)Look below the balance and accelerate
5)Late Balance Breakout
6)VPOC Single Touch
7)VPOC Multi Touch
8)Monitoring High Confidence around VPOC levels.

[slideshare id=142904496&doc=tradingoptionsandmarketprofile-190430064253]

This video access is currently available only for people who attended TradeZilla with valid membership

This content is locked Login To Unlock The Content!

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The post [Community Webinar] Market Profile and Directional Option Trading appeared first on Marketcalls.

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Markets participants are clearly waiting for the results of the 17th Lok Sabha elections. The counting of votes will be conducted on 23 May 2019, and on the same day the results will be declared.

Every time Nifty reaches the All-time high it keeps every other trader on the edge of the seat. Most of the bears are nervously watching the all-time reference. Despite expectation from the market participants clearly, there are no aggressive price movements breaking either side so far.

Bullish Participants yelling for 12500 and the Bearish Participants yelling for 9000 levels. There been such kind of noise in the past as well.

If you are short term trader out there one should start ignoring the noise as those levels are mostly driven out of the institution based on their political view. Markets not necessarily have to get aligned with a political view all the time. The better examples are Mr. Donald Trump won US presidential election results, Demonetization in India, Br-Exit event in Britain and most of the state election results in the past. Despite all such political events market does what is want to do.

However one should still have an eye on the results day of Indian Elections as it brings high volatile price action movements as more eyeballs are watching the Indian Election 2019 result numbers ranging from short term traders to long term investors.

As a Short term trader or Intraday Trader one have to follow the checklist simply to ignore the external noise

1)Understand what is driving this market? (Global Sentiments/Local Sentiments)
2)How the other traders are positioned in the market
3)Is the Short term inventory long to too long or Short to too Short?
4)If there is any breakout is it really strong?
5)If the breakout is weaker then how to handle the situation?
6)How is the volume behavior from an intraday perspective?
7)How the long-term auction and intermediate auctions are positioned.
8)How the value area and point of control is developing for the day
9)Is the market building a stronger structure or weaker structure?
10)What is the overall market confidence for the day?

Asking the above questions to yourself on day to day basis one can avoid most of the unwanted bias and keeps traders emotional levels in check and mostly that makes traders take control of their own trading decisions with better and reasonable anticipation in the market thereby not deviating away from the trading process.

Related Readings and Observations

The post Short Term Trading Vs The Great Indian Election Results appeared first on Marketcalls.

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Algostudio is a simple and clean user interface which is built on top of Upstox REST API with a large feature set, helping you to automate your quantitative trading who is looking to streamline their processes through automation and effective management of their day-to-day trading activities. Algostudio converts amibroker trading signals to automated orders. It is a single interface where provisions are made to execute and monitor your trade positions at one single place.

Algostudio 2.0.0.2 Version Frontend

In the newer 2.0.0.2 release the inner core architecture is changed to make the application light weight. And based on the user inputs more functions has been added to access at amibroker level.

Algostudio – Watchlist

Features of Algostudio

Supports Automated Trading.
Supports Bracket and Cover Orders.
Supports Place Order/Order Modification/Order Cancellation (Limit/Market/StopLoss/Bracket/Cover).
Close remaining positions from Amibroker if any.
Reads MTM, Traded Qty, Order placement Status from Amibroker Terminal.
Paper Trading Facility for all segments (Equity, Futures, Currency & Commodity Derivatives).
Supports all segments (Equity,Futures, Currency & Commodity Derivatives).
Real-time Watchlists and Place Order from the Watchlist.
Seamless Integration with Amibroker.
Track Open Positions and Intraday MTM
Get Alerts and Notifications on Trading Positions.
Intraday MTM Mobile Notifications at Frequent Intervals.
Time based Automated Square-off.
Separate Orderbook for Algos.
Set Intraday MTM based portfolio level stop loss and Targets.
Gets Todays Open, High, Low, LTP and Prev day close
Trade from Charts and Trade from Scanning/Exploration
Exit Bracket Order , Exit cover Order

Algostudio – TradeBook

Supporting Platforms

Currently, the following platforms are supported for Automated Trading

1)Amibroker (AFL)
2)MS Excel (VBA script)
3)Python (Python COM)
4)Ninjatrader (Ninjascript)

Algostudio – Open Positions

What is Upstox API?

Upstox API is a set of rest APIs that provide data required to build a complete investment and trading platform. Execute orders in real time, manage user portfolio, stream live market data (using WebSocket), and more, with the easy to understand API collection.

User Requirements
Upstox Trading Account
Upstox API Subscription
Amibroker AFL Knowledge
Amibroker Strategy Knowledge
Amibroker data feeds

Visit here For Detailed Algostudio Installation Instructions

What kind of Traders/Investor does AlgoStudio suits?

i)Technical Analyst who has ready made buy and sell trading rules.

ii)Part-time traders who knows how to trade and has better trading rules/system but cannot associate themselves with live market all the time.

iii)Fulltime traders or wannabe fulltime traders.

iv)Authorized persons who want to assist their clients and improve their business.

v)Experienced Traders who want to control their trading emotions via rule baBeginnersng.

vi)Beginners who want to get a hang of Algorithmic trading and upgrade their trading career with better skills.


 

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Related Readings and Observations

The post Released Algostudio 2.0.0.2 – Amibroker AutoTrading Bridge for Upstox API Users appeared first on Marketcalls.

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Here are the recording videos from TradeZilla 2.0 where we discussed about how the Top formation happened in Nifty Futures, Bank Nifty Futures, Yesbank, Maruti, HDFC Bank.

It is a live recording of TradeZilla 2.0 – Discover your trading edge on Market Profile and Orderflow tools – Apr 2019 Edition. The video covers how to monitor for potential swing tops setups but also to understand the underlying context in real-time using market profile and order-flow tools.

Currently the video access is limited only to TradeZilla 2.0 Members only

This content is locked Login To Unlock The Content!

Related Readings and Observations

The post [Premium] How to Anticipate & Monitor for Potential Swing Top using Market Profile appeared first on Marketcalls.

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