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Data Trends

BankNifty – For 1st September 2021

Important References from Marketprofile

36230F – Vwap of trend day up on 30/8 – Pivot.

35940F – Single print buying area.

Important References from Open interest data

36588F – Resistance from call writers from 31/8.

Calls vs Puts Activity from 31st August 2021

Open of today was within previous day’s range and BNF has consolidated within the previous day’s range.

CE writing seen at higher prices and can act as a hurdle for BNF.

Bulls will get a momentum on an open above 36590F, Otherwise a test of 36119F.

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