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 December Futures Overview – IV

27 sec read

Nifty Hourly Charts
Nifty Hourly
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Nifty and Bank Nifty December futures are in Buy mode since Nov 25th with support coming around 6306 and 11867 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

Nifty Open Interest Shows huge call writing happening near 6400CE and 6500CE which indicates that 6500 is capped for this expiry on the upperside. And the expected range of Nifty for this expiry is 6200-6500 range. And on the put side 6200PE hold the higher open interest built up.

Nifty Open Interest

India VIX Daily Chart

The Falling VIX sentiment shows that market could enter into the range bound mode for this expiry as it had fallen from the peak down to below 18.

India VIX daily

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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2 Replies to “Nifty and Bank Nifty December Futures Overview – IV”

  1. sir i wanted your advice i wanted to trade in nifty and commodities advice how to go about like to trade with 50 k

    regards
    anthony arokianathan

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