Nifty Hourly Charts
Nifty March future on the hourly charts is in positional buy mode since the interim budget 2014 event and currently the support zone comes near 6237. Reverse your position to positional shorts only if the support breaks on the hourly charts. Bank nifty turned to the positional buy mode recently on 24th Feb and currently resistance zone comes around 10656. Reverse your position to sell mode if the support breaks on the lower side.
Bank Nifty Hourly Charts
Nifty Open Interest Lookup
At this point there is not clear open interest picture from the Open Interest charts. Almost equal amount of open interest built up seen in 6100PE,6200PE and 6300CE.
Related Readings and Observations
Nifty and Bank Nifty Future March Overview – VI Nifty options shows moderate amount of open interest built-up across the strike prices. 6200PE, 6400PE, 6500PE holds the higher open interest for this series however the amount of open […]
Nifty and Bank Nifty Future March Overview – V Last friday Nifty and Bank Nifty march futures turned to positional sell mode on the hourly charts currently the resistance zone comes arround 6559 and 12269 respectively. Reverse your […]
Nifty and Bank Nifty Future March Overview – IV Nifty and Bank Nifty futures turned to hourly charts on 4th march onwards currently the support zone comes around 6499 and 11925 respectively. Reverse the position to sell mode if the […]
Nifty and Bank Nifty Future March Overview – III Nifty and Bank Nifty turned to hourly charts on 4th march onwards currently the support zone comes around 6253 and 10837 respectively. Reverse the position to sell mode if the support zone […]
Nifty and Bank Nifty Trend and Sentiment Analysis – December Outlook Nifty and Bank Nifty weekly sentiment maintains positive despite weakness in the market. Last week DII continued their relentless buying mode despite weakness in the market and with the […]
Nifty and Bank Nifty Futures Sentimental Analysis – October Expiry The recent move in Nifty Futures are clearly driven by Short term players. Nifty Futures positive sentiment continues however sooner or later we can expect the trend to reverse when the […]
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