Nifty and Bank Nifty hourly charts are in sell mode since 6th November and also both the indices closes negatively on the 7th consecutive trading session.Currently resistance zone is at 6201 and 11090 respectively. One should reverse your position to positional longs if the resistance zone breaks on the hourly charts.
Nifty and Bank Nifty november futures turned to positional buy mode after the RBI hikes repo rate by 25 bps and cuts MSF rate by 25 bps. Currently nifty and bank nifty supports are at 6129 and 10803 respectively. Reverse your position to shortly only if the support zone breaks on the hourly charts.