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 – I

21 sec read

Nifty Futures Hourly Charts
Nifty Feb Futures

[wp_ad_camp_5]

 

Nifty and Bank Nifty February future contract turned to sell mode on 24th Feb 2014. Currently the resistance zone coming close to 6149 and 10420 respectively reverse your position to positional buy if the resistance breaks on the upper side.

Bank Nifty Futures Hourly Charts
Bank Nifty Feb Futures

Nifty February Open Interest Lookup
Nifty Feb Open Interest

For the current February option series the option writers started with building higher open interest in 6000PE strike prices and option writers have a short term bias towards the positive trend in nifty and strongly considering 6000 as the temporary support zone for current options series.

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 Futures Short-Term Bottom Formation

On the higher timeframe, there was a strong negative sentiment observed in the Nifty. This resulted in a significant decline of almost 650+ points...
Rajandran R
38 sec read

Caution – Nifty Futures Trading Inventory goes long to…

Too many short-term buyers competed in the recent trend from 1st Feb 2023 onwards. However, on Thursday's activity dominant sellers showed little aggression and...
Rajandran R
25 sec read

Nifty Futures – Market Profile Supports around 17700 Levels

Nifty Futures had a highly compressed week for the year 2023 with 271 points high to low range. I would say one of the...
Rajandran R
43 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More