Nifty Hourly Charts
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 breaks on EOD basis.
Bank Nifty Hourly Charts
India VIX Hourly Charts
So far India VIX in march month is in declining mode and currently India VIX is below sub 14 levels and next two trading days we can expect VIX to trade lower with compressed volatility.
6200PE writers are building higher open interest for the past two days and they are likely to have a strong belief that 6200 will be the support zone for the current Option expiry series.