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 Sentimental Lookup

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Nifty Futures Daily Sentiment

Nifty Futures Sentiment
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Nifty and Bank Nifty futures are showing opposite trends this week and bank nifty continue to under perform nifty futures for time being. Bank Nifty futures sentiment continues its negative sentiment for the last two trading sessions. However Nifty Sentiment holds positive for the last 5 trading sessions with the double outside day pattern on the recent charts.

How to Play the Double Outside Day Pattern?

Markets Open Gap up (Sentimental Gap Up) above the Double Outside Day range and pulls back towards the previous days range is the perfect sign to go short which in turn possibly means the buyers are loosing strength and sellers are taking control. So one can take mean reversion bets to play the downside.

And if the market gaps up and maintains the gap through out the day, then one can expect the trend to continue in the near term. So tomorrow’s market movement is likely to be a interesting setup. All we required is a sentimental Gap up!

Bank Nifty Futures Daily Sentiment

Bank Nifty Futures Sentiment

Open Interest Lookup

Nifty Options Open Interest picture shows highest open interest at 8300CE levels. Means we can expect intraday selling if market opens above 8300 levels. As the call writers are confidence of expiry below 8300. The confidence level of call writers are good compared to the last two months. To be noted 8200PE holds the next best open interest built up. So Open Interest monitoring is required throughout tomorrows session.

Open Interest

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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5 Replies to “Nifty and Bank Nifty Futures Sentimental Lookup”

  1. So today also Nifty filled up the Gap up opening. So what do you expect the next movement in Nifty? Same trend from last 4 Days. Will it continue the same ?

  2. Dear Sir,
    Kindly tell me the impact of “China’s Central Bank rate cut” on metals in Commodities Market Segment

  3. Hi Rajendran, Is it possible for you to provide intraday 1 min /5 min data for F&O options on your site. So that we can download the data everyday evening.

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