Nifty Futures Hourly Charts
Nifty and Banknifty futures are currently in buy mode with support zone comes near 6094 and 10436 respectively. Reverse your position to sell mode if the support breaks on hourly basis.
BankNifty Futures Hourly Charts
Nifty Options Open Interest Lookup
Nifty Open interest charts shows heavy Open interest builtup seen in 5800PE and 6000PE which indicates put writers are strongly believing that nifty will close above 6000PE which makes me to think that nifty will expire above 6000.
Nifty Spot Weekly Charts
On the Nifty spot weekly intratrend charts nifty turned to fresh long term buy mode after three consecutive failures in weekly charts which is a high probability setup for mother of all bull rallies.