Saturday, July 3, 2021

BankNifty Pre Market Analysis 05 July 21


bank nifty pre market analysis.

BankNifty Analysis

Key  Data Analysis

Futures & Options of BANK NIFTY

Near Expiry date29/07/2021Lot Size25
Stock Close Price34809.9Trade Date02/07/2021
Futures Summary
Closing Price34951.65Premium/Discount141.75
Previous Close34853.05Change %0.283
Futures OI2084.35 KChange %-1.37
Futures Contracts127.09 KChange %20.56
Call Summary
Max Traded Strike Price36000.00Contracts43.61 K
Cumulative Call OI3604.97 K% Change6.53
Put Summary
Max Traded Strike Price34000.00Contracts21.41 K
Cumulative Put OI3612.85 K% Change9.26
36000 CE is currently maximum traded strike price and  34000 PE is maximum traded strike price.

Put Call Ratio - 29/07/2021

Put Open Interest3612.85 K
Call Open Interest3604.97 K
PCR Open Interest1.00
PCR OI ReadingStrong Bearish
Put Contracts Traded175739.00
Call Contracts Traded227195.00
PCR Volume0.774
PCR Vol ReadingNeutral

XELPMOC | Stock Price Analysis & Outlook

Chart & Levels

The Bank Nifty opened positive at 34,728.10 and moved in a zig-zag fashion through the day. Banking stocks were lackluster and the index lacked momentum. It gained 125.90 points to close at 34,809.90, forming a small-bodied bullish candle on the daily scale. The index formed a bearish candle on the weekly scale as it lost 1.6 percent during the week.

Bank Nifty continues forming lower highs - lower lows from the last four sessions but today a trend reversal seen in the Banknifty and closed positive.

Now if Banknifty sustain above 35031 for sometime then levels of 35474 - 35810 will be seen in the Banknifty and which has more probability to happen .  Also there was no major downfall in the last four consecutive day fall, so expect this reversal will continue in upcoming days. So follow buy on dips strategy.

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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