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.

Is Trend Reversal in Nifty Possible?

21 sec read


 
Last two days 5050 seems to be a valid support zone. If nifty tommorow sustains above 5050 then there is a possibility of complete reversal. As of now almost equal amout of Open Interest in both 4900PE and 5000 PE. So there is a chance of Put writing in 5000 PE zone also. Now we need to concentrate on both 4900PE and 5000PE.

If there is a huge OI builtup in 4900PE and 5000PE in coming days then there is a possibility of complete reversal anywhere between the nifty range 4975-5090. Else we need to go for further analysis.

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.

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One Reply to “Is Trend Reversal in Nifty Possible?”

  1. I would like to know how to make out from OI that if its PUT WRITING OR PUT BUYING. Similarly, if its CALL WRITING OR CALL BUYING… I will really appreciate if you can explain this in detail (as no one is yet able to answer me, whomsoever I have asked so far). Thanks in advance.

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