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 Futures and Bank Nifty Futures September Expiry Overview

46 sec read

Nifty futures reverse from its low of 7952.5 after US Federal Reserve at the end of a two-day policy meeting on last Wednesday, 17th Sep 2014, maintained a commitment to keep US interest rates near zero for a considerable time.

Nifty Futures Hourly Chart
Nifty Futures

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Nifty and Bank Nifty Hourly charts are in positional buy mode and bank nifty very recently turned to positional buy mode on last trading session. Currently the support zone comes around 8019 and 15841 respectively. Reverse you position to positional sell mode if the support zone breaks on the hourly charts(on closing basis).

Bank Nifty Hourly Chart
Bank Nifty

India VIX Hourly Chart

India VIX on the hourly charts is in positional sell mode for a very long time since mid of july 2014 and currently the resistance zone comes around 14.11. And also it should be noted that INDIAVIX is trading below sub 12 level. Do you think INDIAVIX will mode to signle digit from here?

India VIX

Nifty Open Interest Lookup

when nifty futures dips below sub 8000 level 8200CE writers started building open interest on reversal back after the FED meeting 8000PE writers are back again with building huge open interest positions over there and the declining volatility will favor the 8000PE writers in eating up the premiums as expiry is nearing.

Open Interest

Upcoming Economic Events

Evenomic Events
[data source : Trading Economics]

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)

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3 Replies to “Nifty Futures and Bank Nifty Futures September Expiry Overview”

  1. Hi.

    I really like your comments and i think yours is the first website which gives chart on futures contract. Should really appreciate your efforts.

    If possible can you add a table with all futures contracts on that along with buy and sell signals.

    It will surely a beneficial for tracking moments in all the futures contracts.

  2. Hello sir,
    How can I write afl code for amibroker scan below mentioned theory
    1. 60 day ma average volume is greater than today’s 500000

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