Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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 December futures Overview – II

20 sec read

Nifty Hourly Charts
Nifty Hourly
[wp_ad_camp_5]

 
Nifty and Bank Nifty December futures turned to Buy mode since Nov 25th with support coming around 6187 and 11170 respectively. Reverse the position to sell mode if the support breaks on the hourly charts.

Bank Nifty Hourly Charts
Bank Nifty Hourly

Nifty Open Interest Charts
Nifty Open Interest

December Nifty Options started with killing the premium of 6000PE with too much of open interest builtup right from the start of the series and on the call side 6500CE hold the higher open interest. Current Nifty range for the series could be in the range between 6200-6500

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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

Rising Risk on Volatility and Election Event Risk on…

As we approach a significant electoral event, market participants are increasingly anxious about the implications for Nifty Futures. This nervousness is vividly reflected in...
Rajandran R
1 min read

Nifty Futures May Contract Shows Extreme Exhaustion Amid Election…

As India approaches the final phases of the Lok Sabha elections, the financial markets are reflecting the underlying tension and uncertainty typical of such...
Rajandran R
2 min read

Nifty and Bank Nifty May Futures – Short Term…

Nifty and Bank Nifty showed late selling pressure on Tuesday trading session. Nifty market profile structure ended with Poor High and Genuine Reverse Spike....
Rajandran R
38 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More