1st March 2019 – After a very quiet expiry, BankNifty saw a gap up of close to 150 points. BN was trading within a 150 point range the entire day.
Option chain – On the call side, there was heavy call writing across 27300 to 27700 levels. 27500 continues to be a very strong resistance. Top 3 OI levels are 27000,27300 and 27500. On the put side, there were heavy put writing across 26500 to 27100 levels. 26500 continues to be the support. Top 3 OI levels are 26500, 26800 and 27000.
It would be interesting to see the Indian markets react to global sentiments as it a 3-day holiday for both BSE and NSE.
Range – 26500 to 27500
Max Pain – 27000
PCR – 1.32
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