Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and Bank Nifty November Futures Overview – II

33 sec read

Nifty Hourly Charts
Nifty hourly

 
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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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