BANK NIFTY FUTURE ANALYSIS FOR MARCH EXPIRY SERIES 2017.

BANK NIFTY FUTURE ANALYSIS:

Huge open interest build up in bank nifty futures in April series indicating that its ready for fresh highs.

BANK NIFTY OPTION CHAIN ANALYSIS:

Highest open interest in call options is at 21500 strike and highest open positions in put options is at 21000 strike which is providing significant support.

Technically speaking its forming a bullish parallel wedge shape on short term charts. Here is the snapshot.

BUY BANK  NIFTY AT 21250 WITH STOP LOSS AT 21100 FOR THE TARGET OF 21450  TILL EXPIRYScreenshot (8)

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