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 February Future Overview – I
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Nifty Futures Hourly Charts
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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
Nifty February Open Interest Lookup
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.
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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...
