Monday 27 August 2018

Bank Nifty Weekly Report


Bank Nifty Weekly View

Bank Nifty, is moving with a lag and is underperforming the Nifty index as it has failed to register a fresh lifetime high unlike the Nifty. The index has formed a Double Top kind of formation around the 28,380 levels. A crack below 27,800 would drag Bank Nifty even lower.



Weekly chart


Open interest for the week


Monday
Tuesday
Wednesday
Thursday
Friday

2464400


2370680

-


2030640

2012760



Most Active Bank Nifty option


Scrip
Strike price
Option type
Open interest
Bank Nifty
28500
CE
1031040
Bank Nifty
28000
CE
824560
Bank Nifty
28200
CE
751080


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