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 Call writers and Put writers are in Tug of War

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Nifty Open Interest Charts for Aug 2011 series is shown with equal amount of open interest near 5400PE and 5600CE which shows that both the call writers and put writers are writing nifty options within a very narrow range and this sort of writing is continuing for the past two trading session. when analyzing shorter term trend 5435 could be the shorter term resistance and nifty needs to trade above 5435 to resume uptrend otherwise in shorter term nifty is in down trend and resisting near 5435 could take nifty towards 5280-5300 zone on shorter term basis.

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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One Reply to “Nifty Call writers and Put writers are in Tug…”

  1. sir i have download data through hakija as u mentioned on ur site but when i import data in amibroker 5.40 chart shows up to date but when i reopen amibroker than chart not show up to date pl suggest me in this matter and what is the role of hakija source code pl tell me how can i save data in amibroker which idownload from nse through hakija

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