Rajandran R Creator 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

Nifty hourly Futures

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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
Bank Nifty hourly charts

Nifty Future Retruns Since 2005
Nifty Futures Return

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.
Open Interest

Rajandran R Creator 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

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