Data Trends

BankNifty – For 30th August 2021

Important References from Marketprofile

35916F/35923F – Single print selling area from 25/8 and vwap of trend day down on 18/8 – Resistance

35868F – Pullback high from 26/8

Important References from Open interest data

No significant directional datapoints from OI data.

Calls vs Puts Activity from 27th August 2021

Open of today was within previous day’s range and BNF went lower to test extension handle of 24/8 and reversed its course to come back into the previous day’s range and made a timepass for the remaining day ending as a balance.

No fresh one sided writing seen so nothing to conclude on the direction. Both sided writers are visible betting on a rangebound move

Bulls will get a momentum on an open above 36040F and bears below 35412F. Between these levels it will be a range bound movement.

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