Nifty Hourly Charts
Nifty and Bank Nifty yesterday turned to positional buy mode on the hourly charts. Currently the support zone comes near 5804 and 9842. Reverse your position to sell mode if the support zone breaks on the hourly charts on closing basis.
Bank Nifty Hourly Charts
Will this expiry Nifty Close above 5800?
Good Amount of Open Interest builtup in 5800PE and also Open interest built up dominating in 5700PE right from the start of the series. Which shows put writers are crowded near 5800 and 5700 zone and they do expect lot of support near this zone.