Data Trends

BankNifty – For 27th August 2021

Important References from Marketprofile

35628F – Single print buying area from 26/8 – Support

35916F – Single print selling area from 25/8 – Resistance

35868F – Pullback high from 26/8

Important References from Open interest data

No significant datapoints from OI data.

Calls vs Puts Activity from 26th August 2021

Open of today was within previous day’s range and BNF has seen both sided writers at the open hinting at a sideways action and the rest of the day the BNF was stuck in the range of 35400-35800 range.

No fresh one sided writing seen so nothing to conclude on the direction.

To watch for the upcoming data tomorrow to understand the direction.

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