Friday, July 2, 2021

BankNifty Pre Market Analysis 02 July 21

  

bank nifty pre market analysis. finvestonline.com

BankNifty Analysis


Key  Data

Futures & Options of BANK NIFTY

Near Expiry date29/07/2021Lot Size25
Stock Close Price34684.0Trade Date01/07/2021
Futures Summary
Closing Price34853.05Premium/Discount169.05
Previous Close34937.55Change %-0.242
Futures OI2113.40 KChange %-4.14
Futures Contracts105.42 KChange %-27.84
Call Summary
Max Traded Strike Price35000.00Contracts25.28 K
Cumulative Call OI3384.10 K% Change-2.26
Put Summary
Max Traded Strike Price35000.00Contracts20.84 K
Cumulative Put OI3306.62 K% Change11.57


Put Call Ratio - 29/07/2021

Put Open Interest3306.62 K
Call Open Interest3384.10 K
PCR Open Interest0.977
PCR OI ReadingBearish
Put Contracts Traded129523.00
Call Contracts Traded159970.00
PCR Volume0.810
PCR Vol ReadingBearish


Chart & Levels

banknifty , finvestonline.com


The Nifty Bank declined 88.20 points to close at 34,684 on July 1. The important  level, which will act as crucial support for the Banknifty is 34,547 followed by 34,378. On the upside, key resistance levels are placed at 34,994 and 35,407 levels.

Now if Banknifty sustain above 34994 decisively then trend reversal can be seen otherwise Banknifty can test 34374- 33908 in downside. 

Bears appear to be slowly tightening their grip over the indices.
Traders need to be careful when adding long positions at high levels and such markets invite unpleasant events.





Thanks for your Precious Time.


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