Nifty Hourly Charts
Nifty and Bank Nifty maintains the positional buy mode on the hourly charts. Currently the support zone comes near 5953 and 10097. Reverse your position to sell mode if the support zone breaks on the hourly charts on closing basis.
Bank Nifty Hourly Charts
Will this expiry Nifty Close above 5950?
Nifty Open Interest Charts shows heavy open interest builtup in 5800PE right from the start of the series and also Open interest built up dominating in 6100CE by the weak call writers and likely to be butchered by the bullish global market cues and cues from SGX Nifty. Also Weekly Closing above 5EMA high i.e above 6000+ makes me to think that nifty will expire above 5950.