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