BN moved up by more than 1% at its closing today. On the call side, heavy closure at 27000 and 27100 levels indicating a clear uptrend. Good OI buildup at 27600 and 27500 indicating strong resistance. On the put side, clearly writers have moved up the series till 27000 (max OI). Hence 27000 has become the new support for this series. Still 26500 continues to be the next support level.
Range – 27000 to 27500
Max Pain – 27100
PCR – 1.26
Join our WhatsApp group now to get live updates about BankNifty BN Option Chain Analysis and more!