Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Nifty OI Charts update before expiry

37 sec read


[wp_ad_camp_5]

 
Next to July season, August too ends with huge tug of war between bulls and bears. Bulls Initially written 5300 Puts and slowly with 5400 Puts.
Also there is a considerable OI builtup in 5600 Calls which guarded the bulls to hold below 5600 till the end of expiry…. As 5400 is considered as a main break point for bulls and…. even after breaking the points nifty is struggling in a rangebound movment and moving against the bullish traders expectation with low volatility. SMR(Smart money ratio is at the lowest ever… i.e at 8.51 and PCR OI at 2.31 which indicates sheer bullishness sentiment of put writters as huge number of puts(especially in 5300puts and 5400puts) are written when compare to the calls.

This could be the Bullish traders mind voice : “Even though there is a breakout….why there is no sufficient breakout

And currently there is a sell signal in hourly charts and daily EOD supports are available near 5420 zone. Nifty’s attempt to close below 5420
could change the trend from bullish to bearish on EOD basis.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

What is Retail Digital Rupee?

The retail digital rupee will be introduced on December 1 as part of a pilot programme, the Reserve Bank of India (RBI) stated in...
Rajandran R
1 min read

TradersKart – One Stop Shop for Traders

TradersKart offers One-Stop E-commerce Solution for all the traders, where traders will get access to their trading needs. Traderskart provides the necessary tools required...
Rajandran R
56 sec read

[Free Course] Mini Certification on Options Trading in Indian…

It is a long-pending request from the Marketcalls Readers This Mini-Course on Options Trading in Indian Markets gets you the basic building blocks about...
Rajandran R
1 min read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More