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How to analyze Bank Nifty and Nifty for Intraday Trade based on Open Interest for 29th Jan 2020 (Video Analysis)

I am going to post my analysis on Bank Nifty and Nifty for tomorrow trade. This analysis can be used for the swing trading in Bank Nifty and Nifty As well.

The closing of Bank Nifty as on 28th Jan 2020 is 30761.4 on spot level. Now time to find out the trading range of the bank nifty. For this purpose, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty.





  1. Highest Call at 31500. ( Around 12 lakh contracts open)
  2. Highest Put at 30500. (Around 5.5 lakh contracts)

  1. Pivot Strike at 31000.  (It also has around 10 lakhs contracts open on call side.)

Highest call acts as the highest resistance and highest put will act as the highest support for the Nifty and bank nifty.


Bank Nifty Option Chain

The closing of Nifty as on 28th Jan 2020 is 12055.8 on spot level. Now time to find out the trading range of the nifty. For this purpose, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Nifty.

  1. Highest Call at 12200. 
  2. Highest Put at 12000. 

Nifty Option Chain

Trend Cycles of Bank Nifty and Nifty

Bank Nifty Trend Cycles

Nifty Trend Cycles

Disclaimer: The analysis is for educational purpose only. Please do your own analysis or ask your financial adviser for the same.



How to analyze Bank Nifty and Nifty for Intraday Trade based on Open Interest for 29th Jan 2020 (Video Analysis) Reviewed by Kumar Chandan on January 28, 2020 Rating: 5

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