Rajandran R FollowTelecom 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 Open Interest lookup for Nov Option Series
24 sec read
[wp_ad_camp_5]
Intrestingly higher open interest among the option series is seen on 5000PE Nov Series with almost 8 lakh nifty option contracts kept open. which indicates that option writers are more bullish that nifty will hold above 5000 level for the current option series. Also on the daily charts it is been observed that most of the shorter term technical indicators are oversold. RSI(2) is less than 2 and CCi-4 and ultimate oscialltor(2,4,6) indicators are heavily oversold with values -256 and 14.96 repectively. Also Nifty is trading very close to weekly support as mentioned in the last post. One can Expect early bounce from this level and the first level of target comes around 5137 i.e 5EMA-Low
Rajandran R FollowTelecom 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)
Too many short-term buyers competed in the recent trend from 1st Feb 2023 onwards. However, on Thursday's activity dominant sellers showed little aggression and...
Nifty Futures had a highly compressed week for the year 2023 with 271 points high to low range. I would say one of the...
One Reply to “Nifty Open Interest lookup for Nov Option Series”
very usefull info. any way i am concerned with the wave count that advanceget elliot wave count that is projected with daily chart. if any one user pls share. it is spot nifty
very usefull info. any way i am concerned with the wave count that advanceget elliot wave count that is projected with daily chart. if any one user pls share. it is spot nifty