Option chain indicates there is a short position in bank nifty
we can see a short buildup in call side and long buildup in put side
as per oi data the strong support level is 20500. if bank nifty breaks 21000 level breaks
target is up to - 20730
(21000 level is very important level)
strong oi-support is 20500
strong res-23000
RSI also indicates short position (48.92)
MACD also indicate for short position
reason for falling (extension of the moratorium) and corona virus fear...
Please do ur own analysis before trade.
This is only for education purpose.
we can see a short buildup in call side and long buildup in put side
as per oi data the strong support level is 20500. if bank nifty breaks 21000 level breaks
target is up to - 20730
(21000 level is very important level)
strong oi-support is 20500
strong res-23000
RSI also indicates short position (48.92)
MACD also indicate for short position
reason for falling (extension of the moratorium) and corona virus fear...
Please do ur own analysis before trade.
This is only for education purpose.