Nifty Futures April 2019 – Short term Outlook

Nifty Futures – 5min Quick flip Charts

Nifty Futures Friday Sentiment ended extremely on a 5min timeframe which is not a good sentiment for a follow thro rally. Quick flip supports for Monday coming around 11734. Price started accepting below 11734 brings more of downwards correction towards 11640 levels and lower.

Daily sentiment turned negative on last Friday. More Intraday sellers competed on last Friday followed by frustrating short covering from those intraday short sellers.

Nifty Futures – Market Profile Charts

Intraday sellers late frustrating short covering rally.

Though friday ended with a positive note with closing around days extreme. Possibly Monday sentiment could start with negative sentiment or possibly with a gap down.

Acceptance below 11734 brings more weakness towards 11640 levels.

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