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 June Expiry Overview

28 sec read

Nifty Hourly Charts

NIfty Spot

[wp_ad_camp_5]

 
Nifty and Bank Nifty maintains the positional sell mode with resistance zone coming around 7673 and 15569 respectively. Reverse your position to positional buy mode if the resistance breaks on the hourly charts.

Bank Nifty Hourly Charts
Bank Nifty Hourly

India VIX Hourly Charts

India VIX on the hourly charts showed a little bit of increased momentum and currently maintains the positional buy mode with the supports zone coming around 16.86 Low volatility could be observed if India VIX breaks the support zone on the hourly charts.
India VIX

Nifty Open Interest

After Chasing 7700CE open interest now the option writers are interested in building huge open interest in 7600CE strike price. since 3 more days for expiry option writers now very much confident of 7600 holding as a strong resistance zone on EOD basis.
7600

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 Futures Short-Term Bottom Formation

On the higher timeframe, there was a strong negative sentiment observed in the Nifty. This resulted in a significant decline of almost 650+ points...
Rajandran R
38 sec read

Caution – Nifty Futures Trading Inventory goes long to…

Too many short-term buyers competed in the recent trend from 1st Feb 2023 onwards. However, on Thursday's activity dominant sellers showed little aggression and...
Rajandran R
25 sec read

Nifty Futures – Market Profile Supports around 17700 Levels

Nifty Futures had a highly compressed week for the year 2023 with 271 points high to low range. I would say one of the...
Rajandran R
43 sec read

4 Replies to “Nifty and Bank Nifty June Expiry Overview”

  1. Good day buddy,
    Jus wanted to ask you something.
    I like your OI cahrt/Graph where u have clearly shown Calls/Puts Open interest in colour coding.
    Is there a way, where i can gather daily charts of this kind ?
    Do u update daily ? do have a databas where i can pull up such charts…

    Why?
    because , hope u mention, u have been now and then saying about CE writers increasing ……..

    On june 1st week , if am not wrong..it was on june 4th i guess….u published a article, where u said 7500CE are being written heavily and u had a OI graph supporting it. So i was waiting for the expiry and to confirm how far this chart would be handy and to be frank.
    Even 2 days back when nifty hit 7600….i was confident…if the graph is right, the nifty should be below 7500 to make 7500CE zero… and it happened clearly the way….nifty was taken down for no reason…..and kept below 7500 classically.

    Anyway where can i find such cahrts on daily basis.? Where can i find old data of such graphs for backtesting ?

    Thank you for ur support to retailers
    Regards.

  2. Hi Rajandran – PLEASE HELP ! – When I plot super trend AFT (One above) either hourly or daily, my Buy Signal or Sell Signal including SL numbers are different from your chart shown. How come? I use data feed from GlobalDataFeed folks. Wondering how can I match up to your numbers on Amibroker so that I am up to date both on hourly as well as on EOD charts shown on your website. Please help ! Appreciate your reply. Thanks.

    1. Hi,

      Make sure your parameters are right and you are using non-continous contract symbol NIFTY14JULFUT instead of continous contract NIFTY-I.

Leave a Reply

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