Nifty once again made a fresh All time intraday high 7918.55 however still Bank Nifty struggling near the previous all time high 15742 made on 16th May during Election Results 2014.
Nifty and Bank Nifty on the hourly charts maintains the positional buy mode with the support zone coming around 7766 and 15195.6 respectively reverse the position to positional sell mode if the support zone breaks on the hourly charts.
India VIX Hourly Charts
India VIX maintains the prolong sell mode and staying below the sub 14 level. Currently the resistance zone comes near 17.93 reverse your position to positional buy mode if it breaks on the hourly charts.
Nifty August Options Open Interest
Suddenly 8000CE call writers started writing once again and 7600PE writers those who dominated this season saw little amount of unwinding. 8000CE currently holds the highest open interest across strike prices which indicates call writers believe that market holds the EOD resistance of 8000 for current expiry month.