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 November Futures Overview – II

33 sec read

Nifty Hourly Charts
Nifty hourly
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Nifty and Bank Nifty hourly charts are in sell mode since 6th November and also both the indices closes negatively on the 7th consecutive trading session.Currently resistance zone is at 6201 and 11090 respectively. One should reverse your position to positional longs if the resistance zone breaks on the hourly charts.

Bank Nifty Hourly Charts
Bank Nifty Hourly

Nifty Open Interest Charts
Nifty Open Interest

Currently 6300CE holds the higher open interest among all the November Options Strike Prices. And on the put side 6000PE holds the higher open interest among the puts strike price which indicates probably this expiry could be a tight range bound season ranging between 6000 – 6300.

Nifty Spread Chart

Spread Chart

The above Chart shows the spread difference between Nifty novemeber futures and Nifty spot and the value is quite higher i.e above 50. Whats on your mind for the reason for higher spread difference in nifty put your thoughts and observations here!

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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