Rajandran R 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 September Futures overview – I

38 sec read

Nifty Future Hourly Charts
Nifty Futures
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Nifty september futures turned to positional buy mode and currently the support zone come near 5264 zone. Reverse your position to positional shortly if the support zone breaks on the hourly charts. On Contrast Bank Nifty still on the positional sell mode and trading very close to the resistance zone 9039.

Bank Nifty Hourly Charts
Bank Nifty Futures

Few Key points to remember

– Huge volatiltiy in the India Vix Movement for the past three days. And the volatility is likely to come down in the upcoming days very slowly.
– Huge Price divergence now between nifty and bank nifty. Bank Nifty is a underperforming nifty heavily for a longer period of time since Apr 2013.
– Now the price divergence is now built between Nifty and Reliance where Reliance is likely to outperform Nifty

SIP Investing in Reliance Charts
Reliance SIP Investing

For SIP investors can invest in Reliance with base support coming around 760. SIP investing should be dumped if 760 level breaches on the closing basis.This investment decision is based on the reliance weekly intratrend charts adhere to the rules.

Rajandran R 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)

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One Reply to “Nifty and Bank Nifty September Futures overview – I”

  1. dear sir i have watch your software in online . very use full for daily trading i am in trading only nifty options.
    i need for nifty and oi and volume watch software.

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