Rajandran R Follow Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.

Nifty and Bank Nifty Hourly Charts Overview

May 2, 2014 20 sec read

Nifty Hourly Charts

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Nifty hourly charts is in positional sell mode since 28th April and currently the resistance zone come near 6845. However Banknifty on the hourly charts still manage the positional buy mode and currently the support zone comes near 12790 and trades very close to the support zone. Reverse your trading positions if the support/resistance zone breaks on the hourly charts.

Bank Nifty Hourly Charts

India VIX Hourly Charts
India VIX still trades just above 30 levels and supports currently coming near to 28.81 VIX trend could turn down if the support zone breaks on the hourly charts.