Bank Nifty Support is 41500.
Resistance is 41500.
As Per Option Chain, 41500 Highest CE Writer.
41500 Highest PE Writer.
We are Closed above 41500, so that means CE writers are at risk.
If we sustain above 41800 then we will see a Short Covering coming soon.
As per Option Chain Bank Nifty seem bullish but as Per Technical Analysis Bank Nifty seem to fall. Every time when markets goes for a rally from its bottom, it makes W pattern. If you See 1 day chart of Bank Nifty W pattern is Still Pending. So I am doubting a little, But Fundamentally option chain looks bullish.
Have A profitable day.
Good Luck.
Resistance is 41500.
As Per Option Chain, 41500 Highest CE Writer.
41500 Highest PE Writer.
We are Closed above 41500, so that means CE writers are at risk.
If we sustain above 41800 then we will see a Short Covering coming soon.
As per Option Chain Bank Nifty seem bullish but as Per Technical Analysis Bank Nifty seem to fall. Every time when markets goes for a rally from its bottom, it makes W pattern. If you See 1 day chart of Bank Nifty W pattern is Still Pending. So I am doubting a little, But Fundamentally option chain looks bullish.
Have A profitable day.
Good Luck.