banknifty option chain OI analysis

BankNifty BN Option Chain Analysis – 27th February 2019

banknifty option chain OI analysis

As you are likely aware, the geopolitical situation between India and Pakistan has deteriorated significantly over the last couple of days. In these circumstances, the markets enter a period of heightened volatility. BN saw a very weak gap up and within first 2 hours, it fell 350 points. Border tension caused heavy short covering at 27000, 26900. Still 26500 remains a strong support. Call writers at 27400 to 27800 have booked profits and moved to 27200. 27200 is the next immediate resistance, followed by 27500. Max pain remains at 27000.

Range – 26500 to 27200

Max Pain – 27000

PCR – 0.89

Expecting a very high volatility on the final day of the February 2019 series!

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