Rajandran R FollowCreator 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 – V
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Nifty Futures Hourly Charts
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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
Nifty Open Interest
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.
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Rajandran R FollowCreator 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 Future Market Profile chart shows a sideways broader balancing structure in the last 5 trading session. However 4th Apr structure is indeed important...
The short-term trend for Nifty appears to be shifting towards the negative, encountering intermediate resistance in the range of 21920-21950. Additionally, a top-down analysis...
![Bank Nifty Hourly]](https://i0.wp.com/www.marketcalls.in/wp-content/uploads/2013/12/Bank-Nifty-Hourly4.png?resize=640%2C420)
Hello sir this indicator MT4?