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Data Trends

BankNifty – For 30th September 2021

Important References from Marketprofile

Levels are from September Futures

38180F – Single print selling area

37500F – Single print buying area.

Important References from Open interest data

Both sided writing is seen in BNF with Call writers not getting success from 2 days and neither PE writers are given an easy run, tomorrow can be that day of easy run.

Calls vs Puts Activity from 29th September 2021

BNF has openend just below the VAL and had a drive down which stalled a little above the previous day’s buying singles and later the day turned out to be a normal variation day trapping the call writers from singles area.

This is a second day of trapping CE writers in BNF, so 2 days of programming mind, let’s see what’s in store for tomorrow.

Staying above 37896 favours bulls for a test of 38180F.

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