BANK NIFTY FUTURE ANALYSIS FOR MARCH EXPIRY SERIES 2017.

BANK NIFTY FUTURE ANALYSIS:

Huge open interest build up in bank nifty futures in April series indicating that its ready for fresh highs.

BANK NIFTY OPTION CHAIN ANALYSIS:

Highest open interest in call options is at 21500 strike and highest open positions in put options is at 21000 strike which is providing significant support.

Technically speaking its forming a bullish parallel wedge shape on short term charts. Here is the snapshot.

BUY BANK  NIFTY AT 21250 WITH STOP LOSS AT 21100 FOR THE TARGET OF 21450  TILL EXPIRYScreenshot (8)

Leave a Reply

Your email address will not be published.