Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Nifty and Bank Nifty November Futures Overview – I

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Nifty Hourly Charts

Nifty hourly
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Nifty and Bank Nifty november futures turned to positional buy mode after the RBI hikes repo rate by 25 bps and cuts MSF rate by 25 bps. Currently nifty and bank nifty supports are at 6129 and 10803 respectively. Reverse your position to shortly only if the support zone breaks on the hourly charts.

Bank Nifty Hourly Charts
Bank Nifty

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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2 Replies to “Nifty and Bank Nifty November Futures Overview – I”

  1. I am an intra day option trader having demat a/c with Angel broker . I am a senior citizen. Pl. guide me for successful trading

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