Option chain indicates there is a short position i n bank nifty
we can see a short buildup in call side and long buildup in put side
as per oi data the strong support level is 22000 if it breaks than 21500
so the target is up to - 21500
RSI also indicates short position (42.71)
MACD also indicate for short position
reason for falling (extension of the moratorium)
Please do ur own analysis before trade.
This is only for education purpose.
we can see a short buildup in call side and long buildup in put side
as per oi data the strong support level is 22000 if it breaks than 21500
so the target is up to - 21500
RSI also indicates short position (42.71)
MACD also indicate for short position
reason for falling (extension of the moratorium)
Please do ur own analysis before trade.
This is only for education purpose.
Comment:
Its going towards 21000 ?