Tuesday, June 8, 2021

BankNifty Outlook 09 June 21


BankNifty Outlook

Key  Data

Put / Call Options

Call Max Traded Strike Price37000.00
Call Max Traded SP Contracts24192
Call Option Open Interest3495.55 K
Call Option OI Chg %4.67
Put Max Traded Strike Price35000.00
Put Max Traded SP Contracts25625
Put Option Open Interest3025.18 K
Put Option OI Chg %4.33

Put Call Ratio - 24/06/2021

Put Open Interest3025.18 K
Call Open Interest3495.55 K
PCR Open Interest0.865
PCR OI ReadingBearish
Put Contracts Traded156432.00
Call Contracts Traded203119.00
PCR Volume0.770
PCR Vol ReadingNeutral

BATAINDIA | Stock Analysis And Price Outlook

Chart & Outlook

Banknifty is under performing the Nifty and showing weakness .
Still highest open interest in CE side is at 37000 and PE open interest is at 35000 level . Indicating that a short covering can be seen from the lower level .

The recent correction  in BankNifty can extend to 34800 then a short covering is expected.
So currently adopt wait and watch . If Banknifty found near 34800 levels in any dip then make long position for the potential upside level of 35378 . 

NIITLTD | Stock Analysis And Price Outlook

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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