banknifty option chain OI analysis

BankNifty BN Option Chain Analysis – 7th March 2019

7th March 2019 – BankNifty started off at yesterday’s close, and it was moving sideways until the second half. It managed to breach the 3rd Fibonacci level of 27,780. It was an expiry with a good movement in the end.

Option chain – A good amount of OI was added on both call and put side. 28300 is the resistance, 27500 and 27000 the support.

Range – 27500 to 28300

Max Pain – 27600

PCR – 0.85

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