Cmp: 43054.45
Support & Downside Range: 43010—42945 zone, 42850—42737--42550
Resistance & Upside Range: 43340—43485—43500 zone
Short Term Trend Reversal Level: -- 41000
Bank Nifty Tip
Trading View: the intraday bias remains bullish till bank nifty trading above 43010—42945 spot and in such case, it may again try to move towards minimum 43340 and max 43485—43500 spot zone whereas below 43945 spot options writers gets active and may try to spend most of the day between 42737—42945 zone to eat the premium of 43000 call and put of this weekly expiry.
Make money using our BankNifty tip on a daily basis.
Banknifty live update: If 43000 call and put writers of 1st Dec are serious to eat the remaining premium out of 574 which is trading at 316 right now then they should give today close below 42900 spot levels today CMP 43074 if this close comes then high chances are there that 43000 call and put writers can eat this 316 premium till combined premium remains 50—70.
Once BankNifty crosses 43300, the bulls will be in the full control of the market else bears will gain hand.
| BankNifty - Current Expiry - Critical Option Analytics Data | |||||
|---|---|---|---|---|---|
| Strongest Support | Strengthening Support | PCR | MaxPain | Strengthening Resistance | Strongest Resistance |
| 43000 | 43000 | 0.657937 | 43000 | 43200 | 43200 |
