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 – V

17 sec read

Nifty Futures Hourly Charts
Nifty Hourly

 
Nifty and Bank Nifty December futures turned to sell mode on Dec 10th with resistance coming around 6236 and 11532 respectively. Reverse the position to Buy mode if the support breaks on the hourly charts.

Bank Nifty Hourly Charts
Bank Nifty Hourly]

Nifty Open Interest
Nifty Open Int Dec

Nifty Open Interest shows currently 6300CE writers are active for this series by building higher open interest. However a close above 6236 on the hourly charts could turn the bullish mode for this series.

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.

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