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 November Futures Overview – III

22 sec read

Nifty Hourly Charts
Nifty hourly

Nifty and Bank Nifty November futures hourly charts are in sell mode since 6th November.Currently resistance zone is at 6137 and 10931 respectively. One should reverse your position to positional buy if the resistance zone breaks on the hourly charts.

Banknifty Hourly Charts
Bank Nifty Hourly
[wp_ad_camp_5]

 
Nifty Options Open Interest
Open Interest

Currently 6300CE holds the higher open interest among the strike prices and 6000PE holds the higher open interest on the Put Strike prices which make the market a range bound zone to trade between 6000-6300 as Call writers and Put writers are active in killing premium of 6000PE and 6300CE.

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

Rising Risk on Volatility and Election Event Risk on…

As we approach a significant electoral event, market participants are increasingly anxious about the implications for Nifty Futures. This nervousness is vividly reflected in...
Rajandran R
1 min read

Nifty Futures May Contract Shows Extreme Exhaustion Amid Election…

As India approaches the final phases of the Lok Sabha elections, the financial markets are reflecting the underlying tension and uncertainty typical of such...
Rajandran R
2 min read

Nifty and Bank Nifty May Futures – Short Term…

Nifty and Bank Nifty showed late selling pressure on Tuesday trading session. Nifty market profile structure ended with Poor High and Genuine Reverse Spike....
Rajandran R
38 sec read

Leave a Reply

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