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You are here: Home / Futures and Options / Nifty and Bank Nifty Futures Sentimental Analysis – October Expiry

Nifty and Bank Nifty Futures Sentimental Analysis – October Expiry

October 2, 2015 by Rajandran 3 Comments

Nifty Futures Daily Charts
Nifty Futures Sentiment

 

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
Bank Nifty Futures Sentiment

Nifty Options – Open Interest Lookup

Open Interest

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.

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Filed Under: Futures and Options Tagged With: Bank Nifty futures, Nifty Futures, Nifty Options

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Aditya says

    October 2, 2015 at 3:00 pm

    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?

    Reply
    • Rajandran says

      October 2, 2015 at 9:19 pm

      For dynamic positions sizing explore Amibroker -- Custom backtester interface

      Reply
  2. sathish kumar says

    October 16, 2015 at 7:50 pm

    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.

    Reply

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