Nifty Hourly Charts
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Nifty and Bank Nifty April futures in position buy mode on the hourly charts currently the support comes around 6660 and 12622 respectively. Reverse you position to positional sell mode if the support breaks on the hourly charts.
Bank Nifty Hourly Charts
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Nifty Options Open Interest Lookup
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Its too early to interpret the Option strike prices at the start of the option series however it is good to monitor the development of the open interest builtup. As of now 6400PE and 6500PE hold the higher open interest and on the call side 6700CE holds the higher open interest and quite short of 6400PE and 6500PE
Major Events this week
The RBI will undertake its policy review on April 1, 2014 with analysts widely expecting the apex bank will keep interest rates on hold.
Related Readings and Observations
- Nifty and Bank Nifty Future March Overview – I 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 6192. Reverse your position to positional shorts only...
- Nifty and Bank Nifty Futures February Expiry Overview 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 o...
- Nifty and Bank Nifty February Future Overview – VI Nifty and Bank Nifty februrary future on the hourly charts is in positional buy mode on the interim budget 2014 event and currently the support zone comes near 6096 and 10435 respectively. Revese y...
- Nifty and Bank Nifty February Future Overview – V Nifty and Bank Nifty februrary future on the hourly charts turned to positional sell mode last thursday and currently the resistance zone comes near 6067 and 10315 respectively. Revese your positio...
The post Nifty and Bank Nifty Future April Overview – I appeared first on Marketcalls.
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