Rajandran R FollowCreator 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 90 min and Open Interest Update for 13 Apr 2011 Trading
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Nifty 90 min charts
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Nifty is still in sell mode on the 90 min time frame and trading very close to the cloud with resistance and intermediate resistance coming near 5298 and 5324 respectively. Exit your longs above 5298. Bank Nifty had recently turned to buy mode. If nifty too breaks the two upper level resistance then one can enter longs positionally. Bank Nifty chart is trading currently above the Intermediate support 10367 any reversal below that indicates shorter term reversal in bank nifty. Bank Nifty 90 min charts
Nifty Options Open Interest Chart for April Series
Open Interest Chart shows that 5200PE is crowded by put writers. Current EOD supports comes near 5200.
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Rajandran R FollowCreator 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
The Nifty Futures October series is witnessing a consistent influx of short-term sellers on a daily basis. Over the past four consecutive trading sessions,...
Nifty and Bank Nifty futures hourly charts are maintaining the buy mode. Currently the supports zone comes around 5799 and 10000 respectively. Reverse to...
One Reply to “Nifty and Bank Nifty 90 min and Open Interest…”
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