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 Very Close to All time High

34 sec read

Nifty and Bank Nifty currently trading very close to its all time high made on the Union Budget 2014 event 7809 and Bank Nifty made a All time high around Election 2014 results 15742.

Nifty

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Nifty and Bank Nifty on the hourly charts turned to positional buy mode with the support zone comes near 7570 and 14951 respectively. Reverse your position to positional sell mode if the support zone breaks the support on the downside(hourly basis)

Bank nifty hourly

Open Interest in Nifty
put writing

Currently Nifty Options Open interest built up is still greater at 8000CE. However currently active put writing happening currently in 7500PE, 7600PE, 7700PE. Option writers very strongly believe that Market might close above 7700 for the current option series.

India VIX Hourly Charts

India VIX on the hourly charts trading currently below 15 levels and maintains the low volatility season and also maitains the positional sell mode. Reverse the position to positional buy mode if the support zone breaks downside on the hourly charts

India VIX

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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