Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Nifty and Bank Nifty Futures September Series Outlook

26 sec read

Nifty Futures Weekly Charts

Nifty Weekly Chart

Nifty and Bank Nifty weekly future charts suggests the RSX is still in declining mode and at the extreme. Current downtrend is expected to end this week before bottoming out. Support is expected around 7500 zone and 15600 zone respectively. Failure to hold the support zones are likely to be more bearish for the current downtrend.

Bank Nifty Weekly Charts

Bank Nifty
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Open Interest Lookup

Open Interest is completely domiated by put writers in 7500PE, 7800PE, 8000PE writers and equally by 8200CE and 8500CE writers but the overall confidence in option writing is very low and expected to inch higher. India VIX maintains its high volatility at 26 handle.

OI Tracker

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Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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6 Replies to “Nifty and Bank Nifty Futures September Series Outlook”

  1. Please share rsx afl. Please share this information.

    What do you think is the Indian bubble pops up too ?

    Thanks

  2. HI Rajendran,
    I need a small help on amibroker.
    I tried to import the data in to amibroker and I am getting the below error. Could you please help me to solve this issue?

    ‘Formats\custom3.format’
    Error in line _ADVANCE,03Aug2015,923,923,923,923,0,0
    Invalid date format/value
    Error in line _DECLINE,03Aug2015,511,511,511,511,0,0
    Invalid date format/value

    Thanks in advmace

  3. Hello Rajandran, I downloaded your software Firstcharting Trade Flasher Ver 2.0

    Unfortunately does not work! What can I do? I thank you in advance for your help, Sorry for my my bad english 🙁

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