Banknifty sentiment analysis for todayHello Traders. Good Morning!
Yesterday the entire day buying happened in the lows. Supporting the market the hold the level,
So Price on retest of that level can gain momentum. Support and resistance is on the chart.
Highest open interest in call option is at 34000 & put option is at 31000. Big move is possible today since the entire week was in sideways.
Covid cases are at all time high now. Market is not use to this numbers.
US market closed negative for yesterday, European market and some Asian index are up. World market is not strong.
Panic can set in at any moment with an negative news. Stay cautious while trading.
Finally FII & DII both where selling in the cash. Yesterday FII completely stopped selling in index future. Which is a good news.
Stay safe & have a wonderful day!
