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 Strategy Overview Post Election Results

32 sec read

Nifty Hourly Charts

Nifty Spot

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Spot Nifty is in positional buy mode on the hourly charts since 9th May and Bank Nifty in buy mode since 22nd April. Currently the support zone comes near 7084 and 14365 respectively. Reverse your position to sell mode if the support zone breaks on the hourly charts.

Bank Nifty Hourly Charts
Bank Nifty

Nifty Options Open Interest
Open Interest Nifty

As of now 7500CE and 8000CE has the higher open interest which indicates a possible resistance at 7500 for the current month. As Nifty Responded with a sharp reversal from the high on Election Results Event once can conclude that smart money started shorting 7500 and 8000.

SGX Nifty Update
SGX Nifty

Currently SGX Nifty is trading around 7306. Probably much hyped markets are over by now. And one can safely assume that no circuit freeze around the corner after election results. The 2009 Election Results and the Market Reaction to the results are nothing but white swan events.

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)

Bank Nifty Futures – Market Profile Charts and Overheated…

Bank Nifty Futures - Market Profile Charts and Overheated Emotions - September Series
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Nifty Futures – Increased Volatility and Downside Odds –…

Nifty Futures during the last couple of days are switching back to increased volatility. ATR is a greater measure of volatility. Because of the...
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Bank Nifty Futures Brings Upthrust Bar and Two Bar…

Last Friday Bank Nifty does a breakout failure followed by a sharp reversal forming an Upthrust bar and Two Bar reversals on Daily Timeframe....
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