Nifty and Bank Nifty both are in buy mode since June 24,2011 and currently the ichimoku cloud supports are at 5538 for nifty and 11004 for bank nifty. Higher Open interest built up seen in 5300PE for the current july series and puts are being written since the start of the july 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 Ichimoku charts for 4th July 2011 Trading
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