VigneshkumarR

Pre-market analysis for Banknifty

NSE:BANKNIFTY   Nifty Bank Index
> PCR is Negative. More call options sold @ ATM strike. Support @ 32500 in options OI data.
> World market is getting better.
> DII is very much interested in cash on the last trading session and
> FII must be covering their short position or adding long's, however FII is turning into longs now which is positive for the market.
> Banknifty is underperforming compared to Nifty.
> If nifty just stays positive, Banknifty can rally to cover the underperformance.
> Support and resistance on the chart.

Wish you a profitable trading session..!
Stay safe...

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