Rajandran R Follow Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Now the recent curiosity on building Trading AI Agents.

Nifty turns Weak : Will the put writers give up

May 17, 2010 12 sec read

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Put writers are still holding the Open Interest Positions of 5000PE without unwinding their positions. But the hourly and smallar time frames of Ichimoku cloud charts turns weak this time with resistance building near 5157 in hourly charts. Possibly only a close below 5000 will bring more weakness into the system.

Ichimoku 15min Charts