The Nifty and Bank Nifty trend is continuously in mode since 3rd Jan 2012. Nifty supports coming around 5012 and Bank Nifty supports around 9271.In this option series option writers slowly conquered 4500PE, 4700PE, 4800PE and marched steadily till 5000PE. This market has taught a tough lesson for those who are still trading on overbought and oversold kind of indicators and those who are looking for mean reversion for every 50 or 100pts increase in nifty.
Rajandran R Follow
Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, 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 25 Jan 2011 Trading
18 sec read
Hi Rajandran
Pls do post Feb option series chart ( Calls n puts written chart ).
Looking for your response.
Warm regards
Akhil