Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and Bank Nifty Future April Overview – I

29 sec read

Nifty Hourly Charts
Nifty Hourly

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
Bank Nifty Hourly

 


Nifty Options Open Interest Lookup

OI info

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.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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