Nifty February future on the hourly charts is in positional buy mode since the interim budget 2014 event and currently the support zone comes near 6116. Reverse your position to positional shorts only if the support breaks on the hourly charts. On Contrary Bank nifty turned to the positional sell mode recently and currently trading very close to the resistance zone 10611. Reverse your position to buy mode if the resistance breaks on the upper side
Nifty futures turned to positional buy mode on 10th January and currently the support zone comes around 6265. However Bank Nifty futures turned to positional buy mode on 15th January and currently the support zone comes around 10966. Reverse your position to positional sell mode only if the support zone breaks on the hourly charts.
Using Options Oracle is usually very simple thing. One can gain more number of informations about the nifty movement when trying to digging
into the Charts and Open Interest part of Nifty Options. Here are some of the useful charts like Option chain, Putcall ratio, Volatility Smile snapshots for Nifty options obtained using options oracle software.
Option Pain, also known as Max Option Pain or Max Pain, is based on the theory that since most options buyers lose in options trading, the price of the underlying stock must be manipulated somehow to close during options expiration at a price that results in the most options contracts expiring out of the money.