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 January Futures Overview – III

46 sec read

Nifty Futures Hourly Charts

Nifty Futures Hourly

[wp_ad_camp_5]

 
Nifty and Bank Nifty January futures are currently in positional sell mode on the hourly charts after breaking the support zone on 2nd Jan 2014. Currently the resistance zone comes near 6260 and 11282 respectively. Reverse your position to positional buy mode if the support breaks on the hourly charts.

Markets are trading in a completely sluggish and sideways fashion due to compressed VIX index.

Bank Nifty Hourly Charts

Bank Nifty Futures Hourly

Nifty Options Open Interest Lookup

Nifty Open Interest

On the Options side neither the Call Writers nor the Put writers are confident on the market move as there is a considerably less amount of open interest builtup on the particular series. As of now 6300CE and 6500CE holds the highest and almost equal amount of open interest and on the put side 6200 holds the higher open interest but considerably lower than 6300CE and 6500CE. Which shows that option writers are still slightly negatively biased however still considering 6150-6200 as the support zone for the current option series.

Nifty Futures-Spot Spread

Nifty Spot Spread is contantly declining throughout the contract period and currently the spread is at 37.75 i,e Nifty futures is trading at 37.75 points premium and at the start of the series it is noted that the premium was around 65 plus. (refer previous post )

Nifty Spot-Futures Spread

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 Overheated and Will Nifty Pullback?

Nifty is racing towards an all-time high and in the current swing most of the price action happens in the form of gap up...
Rajandran R
30 sec read

Bank Nifty Futures – Market Profile Charts and Overheated…

Bank Nifty Futures - Market Profile Charts and Overheated Emotions - September Series
Rajandran R
18 sec read

Nifty Futures – Increased Volatility and Downside Odds –…

Nifty Futures during the last couple of days are switching back to increased volatility. ATR is a greater measure of volatility. Because of the...
Rajandran R
36 sec read

Leave a Reply

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