Put writters had atlast given up by covering the open interest in 5400PE . Nifty had resisted exactly near to the resistance zone 5435 and now its towards the first support zone 5250-5270 continues. As of now 5600CE holds the higher open interest. Breaking the first levels of support could lead nifty towards the second level of support zone 5171 on the EOD timeframe.
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 Poised towards the Support zone 5250-5270
13 sec read
Support easily broken, never looked like support, please don’t consider me as your critic 🙂
just doing analysis of what you said …so that it will help you 🙂 I am visiting your board after long long time …
I know you might have invested lot of time and knowledge, but sometime it just shocks you 🙂