Nifty and Bank Nifty Positional Trend Review and Open Interest Lookup

Nifty 90 min charts

NIFTY - Primary Analysis - Dec-30 1904 PM (90 min)

Nifty and Bank Nifty 90 min charts turned to positional buy mode since 26 Dec 2012, Currently the support zone is coming near 5880 and 12398 respectively. Be in the long side until the support holds. Reverse your positional shorts if the support zone breaks.

Bank Nifty 90 min charts
BANKNIFTY - Primary Analysis - Dec-30 1904 PM (90 min)

Nifty Open Interest Lookup for January

As of Now 5800CE and 6000PE are having higher open interest among the series. However more observation is required to judge the breakout scenario. And Nifty is likely to give a breakout from the 5800 – 6000 band in the month of January as Q4,2012 eitherway as the season begins. It is always better to remember the word “trend is your friend”. You would be mostly saved from taking a bad decision most of the time when you are inline with the trend

Nifty OI Interest

Related Readings and Observations

  • Will the Volatility in the Market Increase? Indiavix on the hourly spot charts is in positional Buy mode with supports coming around 15.22. Reverse your position to positional sell mode if the support breaks on the hourly charts. […]
  • Nifty and Bank Nifty Strategy Overview Post Election Results As of now 7500CE and 8000CE has the higher open interest which indicates a possible resistance at 7500 for the current month. As Nifty Responded with a sharp reversal from the high on […]
  • Hourly Strategy Outlook on Election Results Almost Equal amount Open Interest Built up seen in 7200CE, 7400CE and 8000CE Nifty Option Contracts. So far the call side has the higher amount of open interest than the put side. However […]
  • Election Results are Close and VIX Falls Down NSE's volatility index, or India VIX, fell as much as 23.88 percent, its biggest single-day intraday fall since August 26, 2009 after exit poll results showed BJP and its allies headed for […]

Leave a Reply

Your email address will not be published. Required fields are marked *