8th March 2019 – It was a day of consolidation with negative trend. BankNifty started off a little gap down and was almost within the Fibonacci support and resistance range 1. Heavy addition of OI across CEs and PEs
Option chain – 28000, 28200 and 28300 act as the resistance on the CE side while 27500, 27000 and 27600 act as critical support. Also key levels to watch for – 27390, 27556, 27722, 27889, 28056, 28224.
Range – 27500 to 28000
Max Pain – 27700
PCR – 1.16