Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and Bank Nifty December futures Overview – II

20 sec read

Nifty Hourly Charts
Nifty Hourly

 
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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Sell in July and Go Away – July Market…

Markets have been one-sided in Nifty Futures this week. However, the development of information is quite serious and the market-generated information brings the odds...
Rajandran R
28 sec read

Short Covering from an Extreme Short Term Inventory –…

Nifty trading inventory goes short to too short as on last Monday trading session followed by a short-covering rally and this inventory adjustment process...
Rajandran R
22 sec read

State of the Market – 20th June 2022

It's Monday morning and SGX Nifty is trading sub 15300 levels and a little bit of nervousness in the markets as the last Thursday's...
Rajandran R
1 min read

Leave a Reply

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