Banknifty support and resistance for tomorrow

2021년 4월 29일

DII Started selling the cash market and FII selling the index future. Max Open Interest in Banknifty for the upcoming week is at 34000 which is very close to the current level. This shows that there is very less chances for an upmove tomorrow. But Banknifty is in the middle of our buy or sell level, My opinion looking at price level is natural. Price is at overbought area. So mostly the immediate reaction would be to sell.