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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Nifty and Bank Nifty Futures – Daily Sentiment Update

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Nifty Futures
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Nifty and Bank Nifty Daily Sentiment oscillators are holding positive and currently. Minor Resistance zone coming around 7870 and 16800 respectively. Breakout is likely to be on the upper side once the minor resistance zone taken out.

Bank Nifty

CNX Realty index appear to be oversold , bottomed out and trend in CNX Realty index is likely to favor upside and more possibly could outperform CNX Nifty.

CNX Realty

Nifty Option – Open Interest Lookup

Open Interest figures shows low confidence among put writers and call writers however currently writers are not active in the zones 7600-8000. so we can expect a range play between 7600-8000.

OI Tracker

Positive Sentiments

– The country’s current account deficit (CAD) narrowed to $6.2 billion (1.2 per cent of gross domestic product) in the quarter (Q1) ended June, from $7.8 bn
– July IIP at 4.2%

Important Events to Watch

September 17, FOMC Meeting Two-day meeting
Septmember 29, RBI Interest Rate Decision

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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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