Thursday, May 27, 2021

Stock Market | BankNifty Outlookfor 28 May 21

 

BankNifty Outlook


Key  Data

Futures of BANKNIFTY

Closing Price35308.65
Premium/Discount213.55
Price Change425.45
Change %1.22
Future OI1717.22 K
OI Change %44.10
Future Contracts106.74 K
Contracts Change76.63


Put Call Ratio - 24/06/2021

Put Open Interest1848.95 K
Call Open Interest2423.70 K
PCR Open Interest0.763
PCR OI ReadingNeutral
Put Contracts Traded90455.00
Call Contracts Traded114802.00
PCR Volume0.788
PCR Vol ReadingNeutral


Price Outlook




Friends BankNifty today behaved exactly on our yesterday prediction. As we said yesterday that today in the first half Banknifty will remain sideways and later as the day progress a strong recovery can be seen in the Banknifty to the levels of 35200. 
Now still our view on Banknifty is still positive and follow buy on dips strategy.
For tomorrow 35438 is important resistance and  34752 will act as support in downside.




Thanks for your Precious Time.


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Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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