Bank Nifty and Nifty Analysis for 27th May 2021
<p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">The Nifty index opened with a gap up at 15,291 levels on Wednesday, but witnessed pressure at higher zones and consolidated in a broader range.</span></span></span></span></span></p> <p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">The Bank Nifty opened on a positive note, but could not cross its previous day’s highs and moved in a range throughout the day.</span></span></span></span></span></p> <p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">Le</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">t’s check the data and do the analysis for Bank Nifty and Nifty for </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">2</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">7</span></span></span></span><sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">th</span></span></span></span></sup> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">May </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">202</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">1</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> based on </span></span></span></span><a href="https://www.mainebolatha.in/2020/05/volume-vs-open-interest-how-and-what-about-future-option-trading.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>Open Interest,</u></span></span></span></span></u></a><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e"> Change in OI, </span></span></span></span><a href="https://www.mainebolatha.in/2020/05/what-is-put-call-ratio-pcr-how-to-use-pcr-in-trading.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>PCR</u></span></span></span></span></u></a><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">, Max </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">P</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#5e5e5e">ain, and Trend Cycles.</span></span></span></span></span></p> <p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Bank Nifty Option Front</span></span></span></span></strong></span></span></p> <p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Bank Nifty has given closing at</span></span></span></span> <strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>34684.2</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><strong> </strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">on spot on </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">2</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">6</span></span></span></span><sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">th</span></span></span></span></sup> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">May </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>202</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>1</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. On the options front, maximum Put open interest was at </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">34</span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>5</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00</strong></span></span></span></span></strong><strong> </strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">followed by </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">3</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">4</span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> levels, while maximum Call OI was at </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">3</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">5</span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">,</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">0</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">00</span></span></span></span></strong><strong> </strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">followed by </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">3</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">6</span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>,</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">00 </span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">levels. </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">The call </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">writing </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">has been seen at </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>34</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>9</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">and </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>34800 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">levels whereas </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>3</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>4</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>800 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">and </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>34</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>7</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">witnessed significant put writing.</span></span></span></span></span></span></p> <p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Trading Range Of Bank Nifty</span></span></span></span></strong></span></span></p> <p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Now time to find out the trading range of the bank nifty. Trading Range is a general range between the highest call strike and highest put strike. To find the range, we need to look for the highest call OI Row and Highest Put OI Row on the option chain of the Bank Nifty. The trading range seems to be </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>34000 </strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">to </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>35</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>0</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>00</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">.</span></span></span></span></span></span></p> <p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2027th%20May%202021/image/blogs-image/change-open-interest-bnf.jpg" /></span></span></span></span></span></span></p> <p style="margin-left:48px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">1. Highest Call at </span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">3</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">5</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">,</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">0</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">00. </span></span></span></span></strong></span></span></p> <p style="margin-left:48px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">2. Highest Put at </span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">34,5</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">00. </span></span></span></span></strong></span></span></p> <p style="margin-left:48px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">3. Pivot Level at </span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">3</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">4</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">,7</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">00.</span></span></span></span></strong></span></span></p> <p style="margin-left:48px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2027th%20May%202021/image/feature-image/open-interest-bnf.jpg" /></span></span></span></span></strong></span></span></p> <p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">The </span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Highest call </span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">acts as the </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">highest resistance</span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> and</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> the</span></span></span></span> <strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">highest put </span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">acts as the </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">highest support</span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> for the Nifty and bank nifty. </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Pivot level</span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> is the level that bulls and bears don’t want to </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">lose </span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">it easily. Tug of the war goes around the pivot level between bulls and bears generally.</span></span></span></span></span></span></p> <p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"> </span></span></p> <p style="text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Trading Range Of Nifty</span></span></span></span></strong></span></span></p> <p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Nifty has given closing at </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">15301</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">.45</span></span></span></span></strong><strong> </strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">on spot on</span></span></span></span><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> 26</span></span></span></span><sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">th</span></span></span></span></sup><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> May </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>202</strong></span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"><strong>1</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">.</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">On the options front, Maximum Put Open Interest was seen at 15,000 level followed by 14,500, while maximum Call OI was seen at 15,500 level followed by 15300. Call writing was seen at 15,300 and 15,350 strikes, while Put writing was seen at 15,200 then 15,100 levels. Options data suggests a trading range between 15,000 and 15,400 levels.</span></span></span></span></span></p> <p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"><img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2027th%20May%202021/image/blogs-image/change-open-interest-nifty.jpg" /></span></span></span></span></span></p> <p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">1. Highest Call at </span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">15</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">5</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">00</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. </span></span></span></span></strong></span></span></p> <p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">2. Highest Put at </span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">15,000</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. </span></span></span></span></strong><br /> <strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">3. Pivot Level at </span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">15,300</span></span></span></span></strong><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">.</span></span></span></span></strong></span></span></p> <p style="text-align:left"><img alt="" src="https://www.mainebolatha.in/media/Blog/Bank%20Nifty%20and%20Nifty%20Analysis%20for%2027th%20May%202021/image/feature-image/open-interest-nifty.jpg" /></p> <p style="text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">India VIX</span></span></span></span></strong></span></span></p> <p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">India VIX declined by </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"><strong>1.50</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"> percent to </span></span></span></span><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"><strong>18.84</strong></span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000"> levels. India VIX needs to hold below 20 zones to extend the bullish market momentum towards new lifetime territory.</span></span></span></span></span></p> <p style="text-align:left"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Derivative Data</span></span></span></strong></span></p> <p style="text-align:left"><span style="font-family:Calibri"><strong> </strong></span></p> <table cellspacing="0" class="Table" style="border-collapse:collapse; border:none; font-family:"Times New Roman"; font-size:14px"> <tbody> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Symbol</span></span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:114px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><a href="https://www.mainebolatha.in/2020/06/how-to-use-max-pain-in-trading.html">Max Pain</a></span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:169px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Pre. Max Pain</span></span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:2px solid black; vertical-align:top; width:142px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">PCR (OI)</span></span></span></span></p> </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Bank Nifty</span></span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">34</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">5</span></span></span><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">00</span></span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial">34100</span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial">1.06</span></span></span></p> </td> </tr> <tr> <td style="border-bottom:2px solid black; border-left:2px solid black; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#444444">Nifty</span></span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:114px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial">1</span></span><span style="font-size:12.0000pt"><span style="font-family:Arial">5</span></span><span style="font-size:12.0000pt"><span style="font-family:Arial">200</span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:169px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial">15100</span></span></span></p> </td> <td style="border-bottom:2px solid black; border-left:none; border-right:2px solid black; border-top:none; vertical-align:top; width:142px"> <p style="text-align:justify"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="font-family:Arial">1.</span></span><span style="font-size:12.0000pt"><span style="font-family:Arial">38</span></span></span></p> </td> </tr> </tbody> </table> <p style="text-align:left"> </p> <p style="text-align:left"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#4c4c4c">Trend Cycles (EOD)</span></span></span></strong></span></p> <p style="text-align:left"> </p> <p style="text-align:left"> </p> <p style="text-align:left"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="font-family:Arial"><span style="color:#4c4c4c">Conclusion</span></span></span></strong></span></p> <p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#000000">One can keep positive bias on the market and utilize the decline for a buyer.</span></span></span></span></span></p> <p style="text-align:left"><span style="font-family:Calibri"><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Open Interest Images are generated by the Telegram Bot: </span></span></span></span><a href="http://t.me/OIinAction_bot"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#3faaff"><u>OIinAction</u></span></span></span></span></u></a><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">. You</span></span></span></span> <span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">can also join it and can generate OI images for free.</span></span></span></span></span></p> <p style="margin-right:18px; text-align:justify"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444">Disclaimer:</span></span></span></span></strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#444444"> The analysis has been prepared for informational and educational purposes only. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.</span></span></span></span></span></span></p> <p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><strong><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#4c4c4c"><strong>Recommended Read:</strong></span></span></span></span></strong></span></span></p> <p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"> </span></span></p> <p style="margin-right:18px; text-align:left"><span style="background-color:#ffffff"><span style="font-family:Calibri"><a href="https://www.mainebolatha.in/2020/05/how-to-detect-option-buyers-and-seller.html"><u><span style="font-size:12.0000pt"><span style="background-color:#ffffff"><span style="font-family:Arial"><span style="color:#ffc000"><u>How to detect Option Buyers or Sellers on Option Chain</u></span></span></span></span></u></a> </span></span></p>