Nifty Future breakout from the triangle last week after making the weekly low of 7993 and close the week at the highest level ever for the index. As from chart above one can clearly the breakout. Strong global cues backed up with higher liquidity in Indian market the trend was set after Tuesdays close above 8040 future.
Nifty and Bank Nifty November futures hourly charts are in sell mode since 6th November.Currently resistance zone is at 6137 and 10931 respectively. One should reverse your position to positional buy if the resistance zone breaks on the hourly charts.