Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Will Nifty Keep The Uptrend Intact?

39 sec read

This week is expiry for derivative markets with dried up volatility and Nifty spot managed to close above 7900 on weekly basis for the very first time .India’s Q2 GDP data and Fiscal Deficit data(Macro Economic data) scheduled during this week on August 29. So far FII’s had more close to Rs 98,802 crore this year in bond market compared to Rs 76,705 crore in equity market.

Nifty Spot Hourly Charts
Nifty Spot

Nifty and Bank Nifty on the hourly charts maintains the positional buy mode with the support zone coming around 7788.5 and 15445.5 respectively reverse the position to positional sell mode if the support zone breaks on the hourly charts.

Bank Nifty Hourly Charts
Bank Nifty Spot

 
India VIX Hourly Charts
India VIX maintains the prolong sell mode and staying below the sub 14 level. Currently the resistance zone comes near 15.744 reverse your position to positional buy mode if it breaks on the hourly charts.

India VIX

Nifty Open Interest Lookup

Open Interest

Since last week 8000CE writers started dominating the open interest built up and holds the highest open interest across the strike prices.

Economic Calender for this week
Ecnomic Calender

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Sell in July and Go Away – July Market…

Markets have been one-sided in Nifty Futures this week. However, the development of information is quite serious and the market-generated information brings the odds...
Rajandran R
28 sec read

Short Covering from an Extreme Short Term Inventory –…

Nifty trading inventory goes short to too short as on last Monday trading session followed by a short-covering rally and this inventory adjustment process...
Rajandran R
22 sec read

State of the Market – 20th June 2022

It's Monday morning and SGX Nifty is trading sub 15300 levels and a little bit of nervousness in the markets as the last Thursday's...
Rajandran R
1 min read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More