Nifty and Bank Nifty is in sell mode since 8th Dec with resistance coming near to 4812 and 8656 respectively and still 4700PE holds the higher open interest
with EOD supports coming around 4700. Closing below 4700 on EOD basis indicates further bearishness.
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 update for 16th Dec 2011 Trading
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