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)

September Index Futures and Options Outlook – Updated

36 sec read

Nifty september futures tested intraday high of 8200 on 9th September and fell close to a low of 8107. Currently nifty maintains the positional buy since 13th August and the support zone comes around 8074.51 reverse your position to positional sell mode if the support zone breaks on the hourly charts.

Nifty futures hourly charts
NIFTY

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Bank Nifty september futures tested intraday 16295 on 9th September and still the steam in bank nifty futures remains and holds above 16200 level. Currently bank nifty futures maintains the positional buy since 18th August and the support zone comes around 15872.4 reverse your position to positional sell mode if the support zone breaks on the hourly charts

Bank Nifty futures hourly charts
Bank Nifty

Open Interest Details

Open Interest

Still 8000PE open interest holds highest among the option strike price and holds right from the beginning for the option series. Looks Option writers are pretty strong in writing 8000PE options so far and they strongly believe that nifty will close above 8000 this september expiry.

Nifty 8000PE Hourly charts
Nifty 8000PE

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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One Reply to “September Index Futures and Options Outlook – Updated”

  1. Dear Rajandran,

    Friday Nifty made a “Narrow Range day” indicating sharp move in either direction soon. More likely downside.

    PCR (Put Call Ratio) had turned down today on Nifty. Already indicated that Nifty is going to have more downside on 15 Sept (Monday)

    Now confirmed by poor IIP numbers.

    What is your opinion on the economic numbers?

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