Nifty and Bank Nifty 90 min charts are shown. Currently both are in buy mode with ichimoku cloud support coming around 5168 and 9802 respectively. Nifty highest open interest builtup shifted from 5000PE to 5200PE for the februrary series.Which Indicates bulls are confident of holding 5200. Only breaking below 5200 indicates bearisness 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 charts for 7th Feb 2012
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