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vyas1394
Jun 14, 2021 5:28 PM

Banknifty view and levels for 15/06/2021 

Nifty Bank IndexNSE

Description

NSE:BANKNIFTY
35000 calls are written heavily which is at the money; hence if 35000 is crossed in the morning it will quickly reach 35100 and if that level is also breached 35350 is on the cards. 35000 is also the 61.8% retracement of last fall.
on the downside if 34700 and 34560 are very important levels.
if 34561 is crossed on a 15min close basis then 34400 very important support may get broken.
banknifty shows a bearish view on OI data

Comment

take longs at a pullback only.
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