Nifty yesterday turns to sell mode with ichimoku cloud support coming near to 5101 and Bank Nifty is still in Buy mode and trading very close to the cloud support zone near 9520. Still higher open interest seen near 4800PE for the Oct 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)
Nifty and Bank Nifty 90 min charts for 19 Oct 2011 Trading
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