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You are here: Home / Futures and Options / Nifty and Bank Nifty Futures Monthly Charts are Overheated

Nifty and Bank Nifty Futures Monthly Charts are Overheated

December 6, 2014 by Rajandran 8 Comments

Excited to say that we are planning to bring lot more technology updates to the site which could provide even more meaningful analytics and to talk more on Trading Strategies(Programming)/Trading Softwares/Trading Concepts/Money Mangement/How to do tutorials/Cheatsheets/Exchange and SEBI Regulations/Financial Technology and focus very less on index/sector based analytics. However Marketcalls have more than 40+ guest analyst who talks on variety of topics like Index, Commodities, Currencies Technical Overview, Option Analytics, Fundamental Analysis, Trading Lessons, Modern Financial Technologies, Banking, Digital Currencies and anything related to money.

Market is playing the dead volatility game. If you are a classical technical analyst you would have noted that the monthly charts would have shown overheated levels. So thought of bring down the charts with smooth RSI indicator applied over the monthly charts of Nifty and Bank Nifty Futures. Not only the Indian Markets but most of the bull markets in other countries would have painted the similar picture. Every time markets comes with some overheated figure and Say Boo to the Investors.

Nifty Monthly Charts
Nifty Smooth RSI

 
This time the Smooth RSI levels of Nifty and Bank Nifty futures values comes around 96.41 and 91.58 levels. Charts also shows the Smooth RSI values during the peak zone and the current Smooth RSI levels are at record high levels. And Interestingly Bank Nifty closed positive for 9 consecutive weeks. And the IndiaVIX at sub 12 levels again which indicates that there is no fear/panic in the markets at this point of time.

Bank Nifty Monthly Charts
Bank Nifty

Nifty Options Overview
Currently December Nifty Options Open Interest Picture shows 8500PE has higher open interest and also 8600PE and 8700PE almost have the equal amount of open interest as of 8500PE which indicates that option players are betting on either side and the market could break either side more violently with increase in volatility.

Open Interest (2)

Disclaimer : Marketcalls is not a Research Analyst we are more into Financial Data Analytics. The Data Analytics provided is here for more of educational purpose not to treat as a Buy/Sell Recommendation. If you are doing it then to it at your own risk. Neither Marketcalls nor the Guest Authors are not responsible for the losses incurred. We Neither Provide Tips nor provide Trading Recommendations

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Filed Under: Futures and Options Tagged With: Bank Nifty futures, India VIX, Nifty Futures, Nifty Options

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. shabbir says

    December 6, 2014 at 11:54 am

    sir..TCS GOOD RITAN..THANKS..ANY STOCKS ???

    Reply
  2. Raghunath says

    December 7, 2014 at 9:54 pm

    Hi Raj,
    How do you compare supertrend with nrpr system. Is the former for multiframe strategy and nrpr for swing trading. How does nrpr perform in multi time frame in 5 minutes chart

    Reply
    • Rajandran R says

      December 8, 2014 at 12:26 am

      You cannot simply compare apples with oranges. Each and Every Trading system has its own uniqueness. Its your understanding about the trading system which tell which is the right trading system according to your trading style and the willingness to take risk.

      Reply
      • Raghunath says

        December 9, 2014 at 6:36 pm

        If I understand correct, what you are saying is a particular trading system with a set of parameter is tailor made for the following,

        -- for a stock or index(unless ( back test for another stock/index does not yield similar results)
        -for particular trading style
        -for a particular risk profile
        -for a particular type of market

        Reply
        • Rajandran R says

          December 9, 2014 at 7:21 pm

          Yes exactly! You are right!

          Reply
          • Raghunath says

            December 10, 2014 at 12:53 pm

            Bringing more clarity, closing the open end
            Trading style here means,
            -- Stop and reverse(follow the charts) or
            -- Pick and choose(combine signals with news or events) or
            -- swing trading(weekly, biweekly or capture the entire trend ) or
            -- Intraday trading (strictly within market hours)
            -- not sure of others
            risk profile means
            -- capacity to bear the multiples of atr 1 or 2 or 3 or 4.
            Type of market means
            -- rising vix market
            -- falling vix market
            -not sure of the others
            also not sure whether a TS is bound to a particular chart interval.

  3. Appajachar says

    December 9, 2014 at 2:25 pm

    Kindly send me alerts on Bank Nifty movements.

    Reply
    • Rajandran R says

      December 9, 2014 at 2:30 pm

      Here in marketcalls we dont sell or Send any Tips to the customers

      Reply

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