Bank Nifty opened

Bank Nifty opened on a flattish note but extended its move towards 44200 zones in the initial hour. However it failed to hold 44144 and remained consolidative in a range of 250 points between 43950 to 44200 zones in the latter part of Friday. 

Long liquidation was seen as OI was down (-0.72%) and Price was down (-0.07%). Last week on week (Thursday close to Thursday) OI change comes to 11.8% with price change by 0.5%

FIIs Long Short Ratio decreased to 46.09%

Bank Nifty Put Call Ratio remained unchanged 0.77 

SGX Nifty June OI 196,440 contracts. (-1.05%)

SGX indicates a positive start and Dow closed positive.

*Important support level : 43500*

*Important resistance level : 44500*

*Broader trading range : 43500/43750 to 44250/44500 zones*