Nifty and Bank Nifty 90 min charts turned to sell mode on the 90 min timeframe last friday. Currently the cloud resistance is near 5230 and 10637 respectively. Higher open interest near 5300CE and 5400CE option strike price for July Series indicates heavier call writing and possible resistance near 5300 for this current 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 charts for 23rd July 2012 Trading
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