Rajandran R Follow 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 Banknifty Hourly Charts and Open Interest Lookup

April 29, 2014 36 sec read

Nifty Hourly Charts

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Nifty and Banknifty is in positional buy mode since 22nd April and currently the support zone comes around 6736 and 12820 respectively. Reverse your position to positional shorts if the support zone breaks on the hourly charts.

Bank Nifty Hourly Charts

India VIX Hourly Charts

India VIX still trades just above 30 levels and supports currently coming near to 29.31 VIX trend could turn down if the support zone breaks on the hourly charts.

India VIX during 2009 Elections
Also check out the below charts which shows how India vix peformed during last elections. And it is again expected that VIX will shoot up till the end of 2014 election results.

Nifty Open Intrest Lookup
So far rigtht from the start of the series there is no significant call or put writing happening as there is not significant amount of open interest built up so far. Currently 6500PE and 7000CE shows a little amount of higher open interest which indicates a possible naked longs open interest due to election expectations.

Rajandran R Follow 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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One Reply to “Nifty and Banknifty Hourly Charts and Open Interest Lookup”

Rajandran R says:

April 29, 2014 at 2:54 pm

Nifty and Banknifty currently in positional Sell mode after breaking the hourly supports

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