Comment on Bank Nifty Expiry with Indicative support and resistance level by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Comment on Bank Nifty Expiry with Indicative support and resistance level by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker
The Bank Nifty witnessed selling pressure during the second half of the day and ended almost flat. According to option data, the 50000 Call option holds a substantial open interest of approximately 32 lakhs shares, likely to act as immediate resistance. Conversely, on the Put side, the 49500 strike boasts a notable open interest of around 22 lakhs shares. Considering the overall bullish trend, a sustained move above the 50,000 mark in the upcoming session is likely to provide momentum for the index to resume its upward rally.
Above views are of the author and not of the website kindly read disclaimer
Top News
Prakash Industries surges on the BSE
Tag News
China Unveils Policies to Boost Trade Amid Tariff Worries by Amit Gupta, Kedia Advisory
