Nifty turns to buy mode with supports coming around 5265 and bank nifty on the 90 min charts still in sell mode and hovers very close to the resistance zone 9876. Still 5400CE holds the higher open interest but there is also almost equal amount of open interest built up in 5000PE and 5200PE when compared to 5400CE.
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 8th Nov 2011 Trading
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