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 5200 PE writers still holds their breath
20 sec read
[wp_ad_camp_5]
Nifty still holds the short term downtrend. Iam not able to show the ichimoku cloud charts frequently here as Iam facing difficulty with my Windows Machine where my motive wave is installed. My Laptop Screen got damaged. So facing little difficulty in accessing amibroker and motivewave every day.
If you check the open interest chart still put writers are crowded near 5200 option strike prices. Any strong break/panic from this price level could drag the nifty towards 5050. As of now put writers believe that 5200 holds for the current option series.
Related
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
Lately, something unusual happened in India's stock market. The India VIX, which is like a heartbeat monitor for the market's nerves, suddenly fell a...
Nifty Future Market Profile chart shows a sideways broader balancing structure in the last 5 trading session. However 4th Apr structure is indeed important...
The short-term trend for Nifty appears to be shifting towards the negative, encountering intermediate resistance in the range of 21920-21950. Additionally, a top-down analysis...
One Reply to “Nifty 5200 PE writers still holds their breath”
nice stuff.
but how did you arrive at 5050?
When 5200 breaks, the next support should be either 5100 or 5000 depending on put OI build up.
nice stuff.
but how did you arrive at 5050?
When 5200 breaks, the next support should be either 5100 or 5000 depending on put OI build up.
asking from purely OI reading that you did.