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 Future and Bank Nifty futures – New Year 2015 Overview
20 sec read
Nifty Futures Hourly Charts
[wp_ad_camp_5]
Nifty continues to be in the sideways mode on the hourly charts and Bank Nifty shows a good amount of trendiness compared to Nifty. Current support zone on the hourly charts comes around 8204 and 18526. Closing below the support levels might turn the trend towards the down side.
Bank Nifty Futures Hourly Charts
Nifty Future Retruns Since 2005
Nifty Options Open Interest
Currently 8000PE holds the highest amount of open interest (58.67 lakh shares) amoung the strike prices and no strong open interest built up seen on the calls side.
Related
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
In our previous analysis, we explored the dual momentum top and identified key resistance levels for Bank Nifty. Recently, a divergence between Bank Nifty...
Following the recent budget announcement, the market sentiment in the Nifty Futures has shown signs of seller exhaustion. As observed in the hourly chart,...
The Bank Nifty chart showcases a fascinating pattern known as the “Dual Momentum Top,” indicating potential short-term bearishness. Let’s dive into the details of...
