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 October Futures Positional Trend Update

40 sec read

Nifty Hourly Charts
Nifty October v6

[wp_ad_camp_5]

 
Nifty Futures turned to Positional Buy mode right from Muhurat trading session onward and currently the support zone comes around 7894 and Bank Nifty maintains the positional buy mode right from 9th October onward and currently the support zone comes around 16291 respectively. Reverse your position to positional sell mode if the support zone breaks on hourly charts.

Bank Nifty Hourly Charts
Bank Nifty October v6

India VIX Hourly Charts
India VIX turned to positional sell mode as the vix cools down and settling around 13 levels and the resistance zone comes around 15.35. One can expect volatility in the market if the resistance zone taken out on hourly charts.

India VIX Hourly

Nifty Options Open Interest
This month nifty options open interest builtup is quite tricky. Initially 7800PE is written and once fell down below 7800 shortcovering takes place in 7800PE and option writers started concerntrated on writing 8000CE. But once market recovered from the lows and broken 8000 on the upside now Call writers are focusing on 8100CE. Overall the current sentiment says 8100 is the resistance for the current month expiry as only three more trading sessions left for expiry.
Nifty OI

Upcoming Economic Events
India Calendar

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)

Understanding Option Mispricing Trading Strategies

Options mispricing is a phenomenon that occurs when the market price of an option deviates from its theoretical or fair value as calculated using...
Rajandran R
2 min read

Difference Between India VIX and Implied Volatility

India VIX (India Volatility Index) is a measure of the market’s expectation of volatility in the Indian stock market over the next 30 calendar...
Rajandran R
2 min read

Things you need to know before trading OTM Options

There is a saying that OTM options are for gamblers especially those who are blindly betting on cheaper options. And this post explores how...
Rajandran R
2 min read

Leave a Reply

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