Nifty Futures Hourly Charts
Nifty future turned to buy mode on last friday. Currently the support zone coming close to 6006 reverse your position to positional buy if the support breaks on the lower side. Bank Nifty February future contract turned to sell mode on 24th Feb 2014 and the resistance zone comes close to 10337 respectively reverse your position to positional buy if the resistance breaks on the upper side.
Nifty Open Interest Lookup
Nifty Open Interest chart shows still the 6000PE writers are strong and holding a higher amount of open interest among the other strike prices in nifty options shows their bullish view for the current expiry.