Nifty and Bank Nifty 90 min charts for 14th September trading

Nifty 90 min charts

Nifty and Bank Nifty is in sell mode with resistance coming near to 5104 and 9771 respectively.Higher Open Interest seen at 4700PE strike prices since 29th August indicates put writers are still active at 4700 zone.

Bank Nifty 90 min charts

Nifty OI Charts

Related Readings and Observations

  • Nifty and Bank Nifty Very Close to All time High Nifty and Bank Nifty currently trading very close to its all time high made on the Union Budget 2014 event 7809 and Bank Nifty made a All time high around Election 2014 results 15742.
  • Does Shorting Favors Nifty and Bank Nifty Traders? On the Weekly charts Bank Nifty turned to long term sell mode and nifty still trading below 5EMA(High) and nifty still holds the long term buy mode. Currently the long term resistance zone […]
  • Nifty and Bank Nifty June Expiry Overview Nifty and Bank Nifty maintains the positional sell mode with resistance zone coming around 7673 and 15569 respectively. Reverse your position to positional buy mode if the resistance […]
  • Increased Volatility and Flipping Option Writers Market fallen down 100+ points and once again there is a flip in open interest 7600CE and 7700CE writers taken advantage by building higher open interest. There is a confused state among […]

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