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
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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.
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