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 – IV

37 sec read

Nifty Hourly Charts
Nifty hourly

Nifty and Bank Nifty on the hourly charts turned to positional buy mode with supports coming around 6083 and 10793 respectively. The bullish bias in the signals make us to think that will nifty expires above 6100? Also reverse your position to sell mode if the supports breaks on the lower side.

Bank Nifty Hourly Charts
Bank Nifty Hourly

 
Nifty Open Interest
Nifty Open Interest Nov

Currently 6000PE holds the higher open interest among the strike prices and 6300CE and 6400CE holds the higher open interest on the call Strike prices which make the market a range bound zone a little broader and markets are likely to trade between 6000-6400 as Call writers and Put writers are active in killing premium of 6000PE and 6300CE & 6400CE. Also the lower volatility in the Indian Markets due to compressed VIX index values.

Nifty Futures-Spot Spread Charts

Nifty Spread Charts

If you look into the spread charts of Nifty Futures and Nifty Spot the Spread difference had came down drastically and probably it could be due to the compressed nature of the volatility in the market.

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 Look Below Balance and Fail – Targets 15400…

Nifty Futures on the Daily charts trading in a 1000 points range between 14400 - 15400 approximately for more than 2 months. It is...
Rajandran R
21 sec read

Nifty Hedged Futures – Apr 2021 – Short Term…

Nifty Futures had made a sharp drop on Monday Morning (5th Apr 2021) almost touched 14500 levels however post that market had done a...
Rajandran R
1 min read

Options Strategy: Nifty Weekly Bull Put Spread

Nifty Apr Series on the hourly timeframe showed trend exhaustion and the Nifty Futures is trading with 100 pts of premium. Trading sentiment flipped...
Rajandran R
37 sec read

One Reply to “Nifty and Bank Nifty November Futures Overview – IV”

Leave a Reply

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