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 Future – Technical Analysis – Jan 2017 Update

35 sec read

Nifty had done a “W” shaped price pattern so far during Nov 2016 to till date which is very much visual from the charts. Currently price is trading around the Intermediate resistance zone 8315 levels as Sentimental RSI is currently at the extreme. Previous Top Down Analysis indicates that still price is showing a consolidation pattern in both Daily and Weekly Charts.

Price closing above 8315 on EOD basis indicates a possible trend follow up towards the island reversal zone 8515 zone. India VIX is currently trading below 15 handle. Upcoming events like Union Budget, State Assembly Polls are likely bring increased volatility. Volatility is expected to rise from the second half of Jan 2017.

Nifty Options – Open Interest Lookup

Nifty Options Data shows that 8000 and 8200 puts are being written for the current series and 8400 call writing shown as this point however the confidence level of 8400CE writers are not that great compared to the put writers at 8000. Jan series is expected to expire above 8000 and best case scenario is likely above 8200.

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 Straddle Premium, Implied Volatility and…

Focusing on the straddle premiums is quite important as we are nearing the major economic event of Budget 2023. Ahead of a major economic...
Rajandran R
1 min read

Understanding Option Mispricing Trading Strategies

Options mispricing is a phenomenon that occurs when the market price of an option deviates from its theoretical or fair value as calculated using...
Rajandran R
2 min read

Difference Between India VIX and Implied Volatility

India VIX (India Volatility Index) is a measure of the market’s expectation of volatility in the Indian stock market over the next 30 calendar...
Rajandran R
2 min read

3 Replies to “Nifty Future – Technical Analysis – Jan 2017 Update”

  1. Hi Rajandran,

    Please help me to code scanner / exploration with buy and sell signals for simple Supertrend in 15 mins time frame.

    Regards,
    Vineet

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More