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 Future April Overview – I

March 31, 2014 29 sec read

Nifty Hourly Charts

Nifty and Bank Nifty April futures in position buy mode on the hourly charts currently the support comes around 6660 and 12622 respectively. Reverse you position to positional sell mode if the support breaks on the hourly charts.

Bank Nifty Hourly Charts

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Nifty Options Open Interest Lookup

Its too early to interpret the Option strike prices at the start of the option series however it is good to monitor the development of the open interest builtup. As of now 6400PE and 6500PE hold the higher open interest and on the call side 6700CE holds the higher open interest and quite short of 6400PE and 6500PE

Major Events this week
The RBI will undertake its policy review on April 1, 2014 with analysts widely expecting the apex bank will keep interest rates on hold.