Nifty Bank Index

banknifty 30th july 2020

as per oi data
22500 is a good resistance
buying tgt is upto-22500
and new support is 22000/21500 IF SUPPORT break(22000) than lower tgt is upto 21500
as per oi data.
keys
1- short buildup in put side
2- short buildup in put side
3.rsi-46.27
4.important levels
22200ce, 22300ce and 22400ce
22000pe,21900pe,21800pe,21700pe
5. positive view of banks as per oi data ( PNB ,BANKBARODA, sbin , INDUSINDBK )
mildly positive ( AXISBANK, kotakbank, FEDERALBNK , RBLBANK , IDFCFIRSTB )
negative view ( hdfc , BANDHANBNK , icicibank )
6. MARKET VOLATALITY IS VERY HIGH due to monthly expiry

Please do your own analysis before trade.
This is only for education purpose.

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