Nifty and Bank nifty on the hourly spot charts is in positional Buy mode with supports coming around 7375 and 14928 respectively.
Reverse your position to positional sell mode if the support breaks on the hourly charts.
Bank Nifty Hourly Charts
India VIX Hourly Charts
India VIX on the hourly charts maintains the sell mode. Resistance still around 18.10.
Nifty Options Open Interest
Open Interest built up is still higher at 7500CE and despite call option writing at 7500 nifty surges and closed with a weekly return of 4.88%. 7500CE and 7600CE are the highest open interest builtup on the call side on the put side 7000PE holds the highest open interest. Also the overall open interest figures shows that call/put writers are not confident at this moment.