Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Nifty and Bank Nifty Futures Overview – IV

25 sec read

Nifty Futures Hourly Charts
Nifty Hourly

Nifty and Banknifty futures are currently in buy mode with support zone comes near 6094 and 10436 respectively. Reverse your position to sell mode if the support breaks on hourly basis.

BankNifty Futures Hourly Charts
Bank Nifty Hourly
[wp_ad_camp_5]

 
Nifty Options Open Interest Lookup
Nifty Open Interest

Nifty Open interest charts shows heavy Open interest builtup seen in 5800PE and 6000PE which indicates put writers are strongly believing that nifty will close above 6000PE which makes me to think that nifty will expire above 6000.

Nifty Spot Weekly Charts
Nifty Weekly

On the Nifty spot weekly intratrend charts nifty turned to fresh long term buy mode after three consecutive failures in weekly charts which is a high probability setup for mother of all bull rallies.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Analyzing Bank Nifty: Dual Momentum Top and Market Profile…

The Bank Nifty chart showcases a fascinating pattern known as the “Dual Momentum Top,” indicating potential short-term bearishness. Let’s dive into the details of...
Rajandran R
1 min read

Options Explosion: Why 45.5 Lakh Traders Are Betting Big…

Hey traders! Ever wondered how you stack up against the crowd in the NSE? The Indian stock market is witnessing an unprecedented surge in...
Rajandran R
3 min read

Liquidation Breakout Failure in Nifty Futures – Sign of…

The Indian stock market has been buzzing with activity, and the recent performance of the Nifty index has caught the eye of investors and...
Rajandran R
49 sec read

4 Replies to “Nifty and Bank Nifty Futures Overview – IV”

  1. the following needs correction in your post: Pl check
    “Nifty and Banknifty futures are currently in” sell mode”???? with support zone comes near 6094 and 10436 respectively. Reverse your position to sell mode if the support breaks on hourly basis.”

  2. Dear Rajandarn sir,

    You Are Providing Very Good Services For Retail Trader And Investor.Pls Suggest From Where We can Get Every Day Hourly Level Of Bank Nifty And Nifty As You Are Updating in 3-4 days .It Is Really useful information provided By you.Keep it up.

  3. Can you please help me understanding, if the open interest on a certain put is very high. How do identify whether the traders have written or bought the put??

Leave a Reply

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