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 Trend Update – 14th Aug 2014

20 sec read

Nifty Spot Hourly Charts
Nifty Spot

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Nifty on the hourly charts turned to positional buy mode with support coming around 7610 and on contrary Bank Nifty still maintains the positional sell mode with resistance zone coming around 15120 reverse your position to buy mode if the resistance zone breaks on the hourly charts.

Bank Nifty Spot Hourly Charts
Bank Nifty

Nifty Open Interest

Nifty Open Interest shows bullish picture as currently 7600PE shows highest open interest amoung the option series and the put writers strongly believe that 7600 will be the current month support on EOD basis.

Open Interest

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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