14th March 2019 – It was a quiet expiry for BN as it settled down around 28900 levels. It was range bound within 29070 and 28115 levels.
Option chain – Since it is the beginning of the expiry, there was good OI addition across both Pes and CEs at various levels. 28900, 29000 and 29500 act as the resistance on the CE side while 28000, 28500 and 28800 act as critical support. Also the key levels to watch for – 28730, 28900, 29070
Range – 28000 to 29000
Max Pain – 28700 (D-1: 28300, D-2: 27900, D-3: 27700)
PCR – 1.58
Strangle and Straddle Returns Table
BankNifty BN expected movement with 0.5 SD to 3.5 SD (Reference – Previous day’s closing price)
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