Nifty and Bank Nifty 90 min charts are in buy mode with supports coming around 5651 and 11366 respectively. And the Nifty options open interest is looking very tricky. Higest and almost equal amount of open interest built up is seen in 5600PE, 5900CE , 6000CE indicating that temporary support could be offered at the 5600zone. Breaking 5600 on EOD basis could indicate change of trend.
Related Readings and Observations
Nifty and Bank Nifty Trading at the Upper Extreme Nifty Futures and Bank Nifty Futures are trading in a sideways compression mode for quite some time in Jan 2019 series. Both Nifty Futures and Bank Nifty Futures are trading very close to […]
Nifty September Expiry Begins with Volatility Nifty Futures September expiry kick-started with high volatility. Short term quick flip signals turned positive with immediate supports coming around 11655 levels. Price holding above […]
Nifty Trading Outlook for April 2018 New Financial Year about to start and it is always refreshing to kick start with a unbiased outlook especially when a new derivative series starts. Structurally so far correction in Nifty […]
How to Trade Nifty for November Expiry? Nifty is trading around All time high. October Futures is more of one-sided movement with an approximate swing of 500+ points swing. The trading sentiment is holding positive across the […]
Nifty Futures Top Down Approach – FEB 2017 Overview On the daily timeframe consolidation is seen for the last 7 trading sessions. Both Nifty Futures and Bank Nifty Futures are showing an intraday selloff in the first half of the session […]
Nifty Futures and Bank Nifty Futures October 2016 Outlook The RBI cut benchmark rates by 25 basis points (bps) on 4 October, bringing down the repo rate from 6.5% to 6.25% since then there is a significant underperformance in banknifty futures as […]
Veer says
November 12, 2012 at 9:50 pmDear Rajandran,
Wish you a Happy & Prosperous Diwali.
Regards,
Veer