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)

Nifty Open Interest : December Series

31 sec read

Nifty Open Interest

[wp_ad_camp_5]

 
Currently very high open interest in Nifty Options in 5800PE December series. Option Writers are targeted writing 5800PE,5900PE and even 6000PE strike prices on last friday with relatively a huge open interest covering in 6000CE. Also Nifty closed above 5EMA on weekly basis.Possibly bullish days ahead before our cloud charts throws a buy signal.Now Nifty needs to maintain above 5900 for the current bullishness to continue. Possibly Bullish Option Strategy for December at this point of time is : Sell 5900PE and Buy 5700PE December series.

Change in Nifty Open Interest

Note : Too much oscillation in High Open Interest builtup first the put writers built on 5600CE and later Put writers defended 6000PE. Counterstrike by the put writers again by writing 5700PE and later again call writers defended at 6000CE. And uh…. Now its again put writers turn

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)

Nifty Short-Term Trend Turning Negative – Market Profile Update

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...
Rajandran R
1 min read

Nifty Futures – Short-Term Overview – Feb 2024 Futures

Nifty Futures is a short term is likely to test the G2 High reference level around 22200. Short Term Supports are formed around the...
Rajandran R
46 sec read

Nifty Sentiment likely to turn Positive?

Nifty Futures is likely to have a short truncated week. And last Saturday's trading session showed a comeback of Bank Nifty despite Nifty Futures...
Rajandran R
31 sec read

One Reply to “Nifty Open Interest : December Series”

  1. Very nice and educative post on options. Rajendran ji, Please provide some posts on OpenInterst, call writing, put writing and pcr in detail on how to use them for predicting levels in advance. Please provide some posts on options .
    Thank you sir

Leave a Reply

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