Almost Equal amount Open Interest Built up seen in 7200CE, 7400CE and 8000CE Nifty Option Contracts. So far the call side has the higher amount of open interest than the put side. However it is unknown at this point that due to election result people are willing to bet on the single side or smart money is shorting on the call side due to high expectation in the market on Election Results. A Clear picture will emerge once the election results are over.
Nifty on the hourly charts turned to positional buy mode yesterday with a whooping 2.98% and currently the support zone comes around 6684. And Banknifty which is currently outperforming nifty grabbed a intraday gain of 5.46% still maintaining the positional buy mode since 24th April with support coming around 13159. Reverse your position if the support breaks on the hourly charts.