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Nifty and Bank Nifty Future March Overview – VI

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Nifty Hourly

Nifty and Bank Nifty march futures turned to positional sell mode this start of the week on the hourly charts currently the support zone comes around 6515 and 12052 respectively. Reverse your position to sell mode if the support zone breaks on the hourly charts.

Bank Nifty Hourly

Nifty Open interest Lookup

Nifty options shows moderate amount of open interest built-up across the strike prices. 6200PE, 6400PE, 6500PE holds the higher open interest for this series however the amount of open interest is not as high as Feb series. which shows that the put writers are not as much as confident as February series.

nifty open interest

Related Readings and Observations

  • Nifty and Bank Nifty Future March Overview – V Last friday Nifty and Bank Nifty march futures turned to positional sell mode on the hourly charts currently the resistance zone comes arround 6559 and 12269 respectively. Reverse your position to ...
  • Nifty and Bank Nifty Future March Overview – IV Nifty and Bank Nifty futures turned to hourly charts on 4th march onwards currently the support zone comes around 6499 and 11925 respectively. Reverse the position to sell mode if the support zone ...
  • Nifty and Bank Nifty Future March Overview – III Nifty and Bank Nifty turned to hourly charts on 4th march onwards currently the support zone comes around 6253 and 10837 respectively. Reverse the position to sell mode if the support zone breaks o...
  • Nifty and Bank Nifty Future March Overview – II Nifty March future on the hourly charts is in positional buy mode since the interim budget 2014 event and currently the support zone comes near 6237. Reverse your position to positional shorts only...

The post Nifty and Bank Nifty Future March Overview – VI appeared first on Marketcalls.


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