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 – 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
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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 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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