Rajandran R Follow 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 – IV

February 14, 2014 28 sec read

Nifty Hourly Charts

Nifty and Bank Nifty februrary future on the hourly charts turned to positional sell mode yesterday and currently the resistance zone comes near 6092 and 10370 respectively. Revese your position to positional longs only if the resistance breaks on the hourly charts.

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Bank Nifty Hourly Charts

Nifty Options Open Interest Lookup

Nifty Options Open Interest at 6000PE is still at strongest figures and at the highest even touched the 1 crore mark yesterday though market is moving in the reverse downward direction. One have to closely monitor the 6000PE Open Interest action to get further cues on the direction. Unwinding in 6000PE could lead to more downside in nifty. It should be noted that 6000PE writers are building huge open interest right from the start of the februrary series