Nifty and Bank nifty hourly charts turned to sell mode on the hourly timeframe. On the Open interest charts calls side, open interest shows higher open interest in 6000CE and 6200CE. Which indicates that 6200 is the strong resistance for the current option series. And also 6100 could be the strong resistance in the current option series as good amount of open interest built up is still happening there too. Since nifty expiry is still four more days to go it is preferred to sell 6100CE and 6150CE with a total premium of Rs68.95. Strategy will make max gain if nifty expires below 6100 on the expiry day.
Nifty and Bank nifty resistance on the hourly charts comes around 6107 and 11006. Position needs to be closed if the resistance breaks on the upper side.
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Bank Nifty Hourly Charts