Nifty future range trading strategy: Trade Support and resistance

by Bhaveek Patel

Here is short term range trading strategy for nifty future, hourly chart suggest levels of support resistance for short term: Strong support can be found at 5640 level, where as strong resistance 5720 level for nifty spot. So, one can buy nifty around 5640 level for target of 5700 and one can short nifty at 5720 for target as 5670 level. Stop loss will be, exit when nifty breaks out of this range. We cannot .....

Nifty options open interest sheet for November expiry series

by Bhaveek Patel

Here is the link to download excel sheet to keep a track on the nifty options open interest and do analysis on it. This is how you can do the analysis using open interest data of nifty options. Download from here.   Sheet will auto refresh itself every 5 minutes. You will have to disable security warning, else it will not refresh the data. Next week’s analysis: I am seeing some correction in nifty future .....

Nifty Next week: Some thing is unusual, Nifty options open interest

by Bhaveek Patel

About 11 million (1.10 crore) shares were seen in total open interest of nifty 5800 call option. Having such a high open interest is unusual thing and has many surprises in it. What I feel is market might have created a intermediate top for short to medium term. Suggests some selling is on the way for markets, VIX is also around 52 week low. Suggest me that nifty is going to see major selling in .....

Trend line A perfect analysis tool: Drawing Trendline Correctly

by Bhaveek Patel

Trend lines are most frequently used tool in technical analysis, they can be used to get entry at the bottom/top of pullback. Its great to observe how price action finds support at the testing of trend line. For drawing a trend line you will just need two points, either two major tops or major bottoms. Just as shown in below chart: Now we will just wait for price to come towards trend line and then .....

Nifty future near term support at 5630 level, Buy on Dips

by Bhaveek Patel

Nifty future corrected from 5825 level and have been correcting for last 3 days. But still chart suggests, the trend is bullish and so we will still be on the long side of trade. Recent development has lead the risk-on rally in the global market, I believe this will be strengthening further as this is only a temporary pullback in an uptrend, which should be treated as an opportunity to buy into nifty future. I .....

NSE IEOD database Updated, Data from January 2012 in Amibroker Format

by Bhaveek Patel

NSE IEOD database in amibroker format is updated till 5 October is available now to download. It has data from around January 2012, in 1 minute format. It has only those stocks and indices which are traded in F&O segment in NSE. Just download the file from below link and open the database in amibroker. Download database file.   How to open database in Amibroker: Extract file with winrar utility. Start Amibroker. Goto File>Open database. .....