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)

Does Shorting Favors Nifty and Bank Nifty Traders?

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Nifty Hourly Charts
Nifty Spot

Nifty and Bank Nifty hourly spot charts maintains the positional sell mode right from the railway budget 2014 event. Currently nifty and Bank Nifty trading very close to the resistance zones comes around 7719 and 15282 respectively. Reverse your position to positional buy mode if the support zone breaks on hourly charts.

Bank Nifty hourly charts

India VIX Hourly

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India VIX Hourly Charts

India VIX maintains the positional sell mode since the railway budget and currently the resistance zone comes near 17.14 Reverse your position to positional buy mode if the VIX levels breaks the resistance on the hourly charts.

Bank Nifty Hourly Charts
Bank Nifty

Nifty Weekly Charts
Nifty Weekly Charts

On the Weekly charts Bank Nifty turned to long term sell mode and nifty still trading below 5EMA(High) and nifty still holds the long term buy mode. Currently the long term resistance zone for Nifty and Bank Nifty comes around 7677 and 15423 respectively. Reverse your position to fresh longs if the long term zone breaks on the weekly charts.

Bank Nifty Weekly Charts
Bank Nifty Weekly 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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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3 Replies to “Does Shorting Favors Nifty and Bank Nifty Traders?”

  1. Dear Sir , Do we have a AFL which pops up / provides signal – for the above set up , Thanks

  2. some error I guess nifty turned sell mode from rail budget. Its written buy….. and reverse position to buy if resistance break not support…m Correct me if m wrong

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