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 Update – October Series

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Strong writing in 4900 PE series seen in nifty yesterday with strong pullback from the lows. As of now 4900 holds the higher open interest among the series which indicates that currently option writers are confident of holding 4900 as a support zone. Earlier during the start of Oct option series 4800PE holds the higher open interest and now it shifts to 4900PE

Nifty 90 min charts

Also on the 90 min charts Nifty and Bank Nifty had turned to buy mode with supports coming around 4893 and 9444 respectively

Bank Nifty 90 min charts

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)

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