Nifty hourly Charts
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Nifty and Bank nifty on the hourly spot charts is in positional Buy mode with supports coming around 7375 and 14928 respectively.
Reverse your position to positional sell mode if the support breaks on the hourly charts.
Bank Nifty Hourly Charts
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India VIX Hourly Charts
India VIX on the hourly charts maintains the sell mode. Resistance still around 18.10.
![India VIX]()
Nifty Options Open Interest
Open Interest built up is still higher at 7500CE and despite call option writing at 7500 nifty surges and closed with a weekly return of 4.88%. 7500CE and 7600CE are the highest open interest builtup on the call side on the put side 7000PE holds the highest open interest. Also the overall open interest figures shows that call/put writers are not confident at this moment.
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Related Readings and Observations
- India VIX Fall down below 20. Will Market Enter rangebound Mode? India VIX maintains positional sell mode since 13th May and the current resistance comes very close too 26.07. India VIX will turn to positional buy mode if the resistance breaks on the […]
- Hourly Strategy Outlook on Election Results 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 […]
- Election Results are Close and VIX Falls Down NSE's volatility index, or India VIX, fell as much as 23.88 percent, its biggest single-day intraday fall since August 26, 2009 after exit poll results showed BJP and its allies headed for […]
- Nearing Elections and Raising India VIX As elections are nearing the volatility in the past days keep raising constantly and Currently VIX Index is around around 29, During last 2009 Elections it rose to over 50 by mid-April and […]
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