Nifty and Bank Nifty December futures are in Buy mode since Nov 25th with support coming around 6306 and 11867 respectively. Reverse the position to sell mode if the support breaks on the hourly charts.
Nifty Open Interest
Nifty Open Interest Shows huge call writing happening near 6400CE and 6500CE which indicates that 6500 is capped for this expiry on the upperside. And the expected range of Nifty for this expiry is 6200-6500 range. And on the put side 6200PE hold the higher open interest built up.
India VIX Daily Chart
The Falling VIX sentiment shows that market could enter into the range bound mode for this expiry as it had fallen from the peak down to below 18.