Nifty Futures – Hourly Charts
Nifty January futures is in buy mode since 18th Dec and current support zone comes around 6318. And Bank Nifty January Futures turned to buy mode since 23rd January and the support zone comes around 11342. Reverse your position to positional sell mode if the support zone breaks on the hourly charts.
Banknifty Futures – Hourly Charts
India VIX Daily Charts
This January Nifty Future contracts are trading with heavy premium more than 65+ points and with very lower volatility is prevailing. India Vix closed at 14.88 shows the compressed nature of the markets as last month nifty spot traded between 6129.95 – 6415.25. i.e approximately 300pt range.