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Discussion about Banknifty direction, support, resistances, breakouts, volumes, etc


bank nifty near monthly cpr

BN nifty taking support at monthly cpr

Hi Prateek, 

For Selling Index Options, there is no limit and you can sell Far OTM contracts whereas for Buying Index options maximum strike price range allowed is 20% of the CMP/LTP of the respective indices. 

Hope this Helps!

Bank Nifty vs. Nifty Ratio chart

Here are some interesting observations on the ratio chart of Bank Nifty to Nifty:

  • The ratio has taken support just below the 0.618 Fib retracement
  • The ratio has taken support at the prior support confluence zone
  • There is a double... (More)