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 January Hourly Futures – Overview

37 sec read

Nifty Futures – Hourly Charts
Nifty hourly Futures

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Nifty and Bank Nifty hourly charts maintains the downtrend with resistance zone coming around 8366.9 and 19010.9 Trend will reverse to upwards direction if the resistance zone breaks on the hourly charts (on hourly basis). It should be noted that last Friday Dowjones ends with a -170 points after two big continuous positive streaks.

In commodity markets, oil prices remained under pressure having hit their lowest since April 2009.

Bank Nifty Futures – Hourly Charts
Bank Nifty hourly charts

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India VIX – Hourly Charts
India VIX on the hourly charts falling from the peak of 19 and currently trend turned downwards with resistance zone coming around 15.95.
India VIX

Nifty Open Interest Charts
Still the put writers are at 8000PE right from the beginning of the jan series. 8000PE and 8100PE holds the higher open interest where the density of option writing is seen mostly.
Jan OI

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

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