Nifty Futures to continue short term uptrend

Nifty is had a crazy volatile day. Huge downswing followed by a steep recovery during mid of the day. And on the 15min timeframe quick flip trading strategy got into long mode in the last 30min of trading session with quick flip supports coming around 10830-10850 levels.

Current uptrend can possibly extend towards 10930 and 10970 levels in a very short term. Daily trading sentiment is holding positive for the last 3 trading sessions. Only a sustained close below 10830 is a worrying sign.

Nifty Daily Sentiment

Related Readings and Observations

Nifty January Trading sentiment Goes Extreme Positive Nifty futures is currently trading in a sideways band for the last three trading days. Liquidity is almost dried up in the last three trading session. However last hour of trading shows […]
Extreme Positive Sentiment in Nifty Futures Nifty Futures is tested an intraday high of 10924. Trading sentiment was getting into extreme which possibly indicates overbought levels.
Nifty Futures Quick Flip December Overview Nifty futures holding its buy mode for the last 4 trading session with quick flip support coming around 10803-10814 band. The trading focus is positioned on the bullish side with possible […]
Nifty Futures Extreme Indications – Short Term Overview Nifty futures is showing extreme indications with quick flip currently in sell mode. Resistance upgraded to 10667 band. Price holding above 10667 could bring a possible test towards 10725 […]
Nifty Futures Quick Flip December Overview : Short Term Outlook Nifty Futures is continuing its uptrend and approximately made 4% in the last 6 trading sessions. Immediate supports are coming around 10910 levels. Price sustaining below 10910 levels […]
Nifty November Futures Flips to Negative Short term Trend Nifty November futures post emotional buyers dominance took a 100 pointer on the downside. Trading sentiment turned down on the daily charts with immediate quick flip resistance comes […]