Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and Bank Nifty Futures – Daily Sentiment Update

31 sec read

Nifty Futures

 

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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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