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Data Trends

BankNifty – For 17th August 2021

Important References from Marketprofile

36,276F – Single Print selling area – Previous Resistance where PE writers failed.

35960F-36000F – Support.

35,628F – Single Print Buying area – Support

36252F – Single print selling area resistance supported by Call writers from 16/8

Important References from Open interest data

36252F – Single print selling area resistance supported by Call writers from 16/8

Calls vs Puts Activity from 16th August 2021

BNF opened within previous day’s range and consolidated in a very narrow range for the whole day.

Call writers were active during the day but couldn’t get a move on the price so possibly that move can come as overnight move and a open below 36070F will lead to test of 35868F.

It has to open > 36255 for a gap and directional upmove.

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