Rajandran R FollowCreator 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 January Futures Overview – VII
20 sec read
Nifty Futures Hourly Charts
Nifty and Bank Nifty January futures on the hourly charts turned to positional buy mode on the last half of the wednesday session and currently with support coming around 6276 and 11022 respectively. Reverse your position to positional sell mode if the resistance breaks on the hourly charts.
Bank Nifty Futures Hourly Charts
[wp_ad_camp_5]
Nifty Open Interest
Nifty 6200PE and 6300PE are currently written with Put writers being active in these zones by building higher open interest. And 6200PE has the highest Open interest among all the strike prices.
Related
Rajandran R FollowCreator 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
In our previous analysis, we explored the dual momentum top and identified key resistance levels for Bank Nifty. Recently, a divergence between Bank Nifty...
Following the recent budget announcement, the market sentiment in the Nifty Futures has shown signs of seller exhaustion. As observed in the hourly chart,...
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...
