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 Weekly wrap up and Global Sentiment

1 min read

Global News Impact
– ECB rates on hold and to Start Bond Buys This Month.
– RBI keeps interest rate unchanged at 8 per cent
– European Markets Trading below 5 months low.
– Crude Oil drops below 88 dollar per barrel
– Japanese Stocks Have Crashed Over 1000 Points Since Friday
– Argentina Crashed 7% today
SGX Nifty trading below 7800 levels.
– PIMCO clients withdraw $23.5 billion after ‘Bond King Bill Gross exit from PIMCO

Nifty Futures Hourly Charts
Nifty Hourly

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Nifty and Bank Nifty futures turned to positional sell mode on 23rd of September and currently the resistance zone comes around 8105.73 and 15840 respectively reverse your position to positional buy mode if the resistance zone breaks on the hourly charts.

Bank Futures Nifty Hourly Charts
Bank Nifty Hourly

India VIX Hourly Charts
After a prolong sell mode in India VIX finally there is some volatility on cards and turned to positional buy mode and currently the support zone for India VIX comes around 10.87 and we can expect a little descent increase in volatility in the upcoming sessions.
India VIX

Nifty Open Interest Build Up
The Higher open interest build up is seen in 7800PE and 7800PE writers believe market might take 7800 for october month expiry. As nifty is expected to open gap down on coming monday it is good to monitor the 7800PE open interest at close. unwinding of open interest in 7800PE could be a sign of further downtrend on contrary maintaining the open interest built up could take 7800 as EOD support for current month expiry.

Open Intest

Case Shiller Index
For the 3rd month in a row, S&P Case-Shiller home prices fell MoM with July’s 0.5% drop the biggest since November 2011. This dragged the YoY growth to 6.75% (missing expectations of 7.4%) and its slowest rate of increase since November 2012.
case shiller

Exchange Related News
NSE revises Nifty Futures and Options lot size from 50 to 25 and Nifty Midcap 50 Futures from 150 to 75 with minimum value of INR 200,000 as per SEBI. India VIX futures got revised from 550 to 800 with minimum contract size of Rs. 10 lakhs for India VIX* futures. Lot size revision will be effective from 31st Oct 2014 onwards. The Impact is Margin get back to normal for single lot as nifty almost doubled. Invites small players. People Trading in Per Lot based Brokerage houses have to pay double brokerage for same level of current exposure in Nifty.

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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