Open interest shows us total number of position opened in the instrument, now here we are talking about open interest of nifty options. Nifty options are widely traded on NSE also it is most active option contract, nifty options open interest data is extremely important while trading nifty future. Here is complete explanation; Nifty option open interest data can give you an idea of range in short ... [Continue Reading]
Nifty future to consolidate further as volumes and liquidity is low
In last few trading session we have seen lackluster in nifty future, range has been very tight due to lack of volumes and liquidity. Traders are waiting for this holiday season to get over, also European leaders will be meeting to resolve European debt crisis. So outcome from this meet will drive nifty future further, also liquidity will return then, if we look at RBI policy we expect CRR cut that ... [Continue Reading]
Bullish divergence was spotted on charts of Nifty future
Nifty future charts are showing the sign of a reversal, as we have spotted bullish divergence on the weekly charts. Divergence is formed when there is slow down in the current momentum, on the below chart see nifty future is making a lower low as compared to previous one, but slow stochastic indicator is making higher low there is divergence in price and indicator. This hints that nifty future is ... [Continue Reading]
Head and shoulder pattern was formed in nifty future, How to identify reversal
Head and shoulder pattern is also a popular trend reversal pattern formed on charts, once this pattern is formed there is high probability that initial trend will reverse soon. This type of pattern gets formed on a bullish market i.e. when nifty future is in uptrend, first a top gets formed known as shoulder then a higher top forms called head, on formation of head second shoulder gets formed. ... [Continue Reading]
Nifty future has formed double top pattern last week, Expect reversal
On daily charts we have seen that nifty future has formed a double top pattern (A kind of short term reversal pattern), we are of view that nifty future is more likely to see a reversal in trend. If you go through recent fundamental changes, there are also signalling the change in short term trend, like inflation has gone below 7% now, IIP data has come above 6% and is much in line to estimates by ... [Continue Reading]
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