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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 – IV

30 sec read

Update after Market Hours

Nifty Futures Hourly(1)

Nifty futures on the hourly charts turned to positional buy mode with support zone around 5155 Reverse your position to sell mode if the support zone breaks. However bank nifty continues to be in sell mode with resistance zone coming around 11186. Reverse your position to buy mode if the resitance zone breaks on the hourly charts.

Bank Nifty Hourly(1)

Update during Market Hours

Nifty Hourly Charts

Nifty Futures Hourly

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 6237 and 11186 respectively. Reverse your position to positional buy mode if the resistance breaks on the hourly charts.

Bank Nifty Hourly Charts

Bank Nifty Hourly

Nifty Open Interest

OI

Nifty Open Interest Figures shows active Put writing in 6000CE and 6100CE. Put writers are confident on 6100 as support zone for this series.

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)
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