Banknifty weekly update
Updated
Here have mention a banknifty weekly update.
29650 is one time tested level and again it go to test this level and break so we can see a big hurdle for bank nifty @ 30250 to 31200.
30250 to 31200 it is a very tough to break bank nifty. Huge OI addition @ 29500 and 30000 PCR is at 1.23.
New OI addition is builtup in PUT side and in CALL many writers are windingup their position.
RSI also showing strength in a weekly and daily time frame.
So we can expect a bullish move in banknifty upto 30250.
29650 is one time tested level and again it go to test this level and break so we can see a big hurdle for bank nifty @ 30250 to 31200.
30250 to 31200 it is a very tough to break bank nifty. Huge OI addition @ 29500 and 30000 PCR is at 1.23.
New OI addition is builtup in PUT side and in CALL many writers are windingup their position.
RSI also showing strength in a weekly and daily time frame.
So we can expect a bullish move in banknifty upto 30250.
Trade closed: target reached
Target reached.
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