Nifty Futures Daily Charts
The recent move in Nifty Futures are clearly driven by Short term players. Nifty Futures positive sentiment continues however sooner or later we can expect the trend to reverse when the sentiment gets over heated. Bank Nifty is showing divergence as the sentiment turns negative and continues to underperform Nifty Futures. Last two days Nifty Futures returns are positive however Bank Nifty returns are negative which indicates weaker uptrend for Nifty Futures. Nifty Futures is expected to test the resistance band 8000-8100 zone again followed by a potential reversal.
Bank Nifty Futures Daily Charts
Nifty Options – Open Interest Lookup
Nifty Options Open Interest Sentiment shows lower confidence among option writers. As of now 7500PE holds the higher open interest. We are seeing such a low confidence for the past two expiry seasons and markets are turning against the option writers wherever they are tending to build open interest.
Related Readings and Observations
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Rajandran,
While backtesting, I want to the net position value to not be over 50% of my initial equity. This is to ensure that I always have enough extra for even the biggest system drawdown. How do I make amibroker consider that? Also I want positionsize to be dynamic, that is as the value of shares increase I want to allow the position size to shrink if needed to keep position size under 50%. What would be the codes for this?
For dynamic positions sizing explore Amibroker -- Custom backtester interface
nifty fully turn bullish trend .nifty 1st target 8350,2nd target 8550,3rd target 8700.buy on dips,dont go short.
bank nifty target 18200.above 18200 bank nifty very bullish target 19250-19500.