Nifty and Bank Nifty on the 90 min charts is in buy mode with supports coming around 5378 and 10400 repectively. Shorts should be initiated only if the support bbreaks. And also the today Higher open interest shifts from 5200PE to 5300PE which indicates put writers are bullish on holding 5300 on EOD basis for the current option series.
Rajandran R Follow 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)
Nifty and Bank Nifty 90 min chart update for 15 Feb 2012
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