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Nifty Bank Index

BANKNIFTY ANALYSIS FOR MONDAY 20-12-2021

By FNOSURE
FII Continue to selling. Major Players of BankNifty Stocks are week like HDFC, ICICI, KOTAK SBI etc. during session HDFC and ICICI tried some upward movement which had given little upside movement ot BankNifty but again steep fall was there. Now Option Chain Data giving bad signal, selling pressure to remain continue. I am expected a little Gapup to sideways on Monday due to reason Banknifty Oversold PCR. Major movement will come only if BankNifty sustain above 36000+ level. On the donwside 35500 is support level but not much Open Interest Data of PUT writer is there. so support is week.

BankNifty PCR : 0.62
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