Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Nifty and BankNifty January Futures Overview – I
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Nifty Futures Charts
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Nifty is in buy mode since 18th Dec 2013 and currently the support zone is coming under 6241. Reverse your position to positional Buy mode if the hourly charts breaks on the hours charts. And Bank Nifty is currently in sell mode since 12th dec 2013 and trading very close to the resistance zone. The Resistance coming around 11448. Reverse your position to positional Buy mode if the hourly charts breaks on the hours charts.
Bank Nifty Futures Charts
Nifty Open Interest
Nifty December month open interest figure shows both 6200PE and 6300CE writers are active at this moment and vix had fallen close to sub 16 levels indicates more compressed movements in the near term.
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Lately, something unusual happened in India's stock market. The India VIX, which is like a heartbeat monitor for the market's nerves, suddenly fell a...
Nifty Future Market Profile chart shows a sideways broader balancing structure in the last 5 trading session. However 4th Apr structure is indeed important...
The short-term trend for Nifty appears to be shifting towards the negative, encountering intermediate resistance in the range of 21920-21950. Additionally, a top-down analysis...
