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 Futures February Expiry Overview

56 sec read

Nifty Hourly Charts

Nifty Fut

Nifty February future on the hourly charts is in positional buy mode since the interim budget 2014 event and currently the support zone comes near 6116. Reverse your position to positional shorts only if the support breaks on the hourly charts. On Contrary Bank nifty turned to the positional sell mode recently and currently trading very close to the resistance zone 10611. Reverse your position to buy mode if the resistance breaks on the upper side

 

BankNifty Hourly Charts

BANKNIFTY Fut

Nifty Weekly Charts

Nifty Spot on the weekly charts still very close to the long term resistance 6172 as per 5EMA high-Low Strategy. And currently Nifty is in long term sell mode for the past 4 weeks and requires a closing above 6172 on weekly basis to get into longterm uptrend.

Nifty Spot 5EMA High Low Strategy

Nifty Open Interest Tracker

Currently 1.08 crore of Open interest built up in 6000PE strike price this means put writers have a very strong belief that 6000will as a strong support for this option series on EOD basis. So far the open interest built up in most of the call strike prices are not much enough say that call writers are confident at this moment. 6000PE, 6100PE are the put writers hotspot as of now.

Nifty OI

Nifty Option Pain

Currently the Option Pain is near 6100

Option Pain

India VIX

Declining India VIX in Februrary month suggests that lack of volatility in the Indian Market and so the option writers are quite confident at the 6000PE strike prices. However it is expected that after the Introduction of India VIX Futures volatility in the market could improve a little.

India VIX

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.

Short Covering from an Extreme Short Term Inventory –…

Nifty trading inventory goes short to too short as on last Monday trading session followed by a short-covering rally and this inventory adjustment process...
Rajandran R
22 sec read

State of the Market – 20th June 2022

It's Monday morning and SGX Nifty is trading sub 15300 levels and a little bit of nervousness in the markets as the last Thursday's...
Rajandran R
1 min read

Nifty Hourly Exhaustion and Trading Inventory getting short to…

Nifty Futures on Monday's trading session opened a gap down and started trading inline with the global sentiment. However, in the second half of...
Rajandran R
19 sec read

Leave a Reply

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