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 EXPIRY