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 Future March Overview – II

24 sec read

Nifty Hourly Charts

Nifty Fut

Nifty March future on the hourly charts is in positional buy mode since the interim budget 2014 event and currently the support zone comes near 6237. Reverse your position to positional shorts only if the support breaks on the hourly charts. Bank nifty turned to the positional buy mode recently on 24th Feb and currently resistance zone comes around 10656. Reverse your position to sell mode if the support breaks on the lower side.

Bank Nifty Hourly Charts

Bank Nifty

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Nifty Open Interest Lookup

At this point there is not clear open interest picture from the Open Interest charts. Almost equal amount of open interest built up seen in 6100PE,6200PE and 6300CE.

Open Interest

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)

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