Given the high BANK NIFTY CALL OI at 51,500, there's a strong resistance at this level. If the Bank Nifty manages to break above 51,500, it could potentially move higher. However, if it fails to break this resistance and the global market trends downward, it might take support at 51,000 and then possibly drop to 50,000.
TODAY DOW FUTHER -77 8.25AM
Options Interest (OI) PUT OI at 51,000: 22 lakhs PUT OI at 50,000: 27 lakhs CALL OI at 51,500: 47.7 lakhs Next Day Outlook
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.