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 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

 
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 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

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??

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