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 February Future Overview – III

24 sec read

Nifty Futures Hourly Charts

Nifty futures

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Nifty future turned to buy mode on last friday. Currently the support zone coming close to 6006 reverse your position to positional buy if the support breaks on the lower side. Bank Nifty February future contract turned to sell mode on 24th Feb 2014 and the resistance zone comes close to 10337 respectively reverse your position to positional buy if the resistance breaks on the upper side.

Bank Nifty Futures Hourly Charts
Bank nifty futures

Nifty Open Interest Lookup

Nifty Open Interest chart shows still the 6000PE writers are strong and holding a higher amount of open interest among the other strike prices in nifty options shows their bullish view for the current expiry.

Nifty Options

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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5 Replies to “Nifty and Bank Nifty February Future Overview – III”

  1. Sir , do you have any free trial data provider Service ,if any, on Ami broker Software Setup?
    Kindly think about request.
    Thanking You,
    Regards.

  2. Hi,
    I am using GCI MT4 demo software. I have seen some of your post on this. Today (19th Feb 2014) I am seeing nifty value is updated abnormally (Observing the same behavior in USDINR for long time).

    Few days back tatasteel, tatamotors, SBIN are updated with some junk value, so the charts more than 30mins are not seen clearly.

    Did You or anybody observed the same? If so is there any solution for this ?

    Please let me know.

    Thanks & Regards,
    Kanniappan .A

      1. Thanks for the reply.
        Please share if you have info for these question:
        1. How much it costs to have a real account ?
        2. Won’t this erroneous values come in real account? It would be good if I get a confirmation from you or someone who is using it in real time.

        I would request you to share about bollinger bands and how to use it, if you know.

        Thanks & Regards,
        Kanniappan .A

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