Bank Nifty opened on a positive note

Bank Nifty opened on a positive note but failed to surpass 44044 marks and drifted towards 43800 zones in the first hour of the day. However it recovered from lower zones and extended its movement towards 44088 zones. Later it consolidated in a range of 200 points in between 43800 to 44020 zones.

Long built up was seen as OI was up (2.11%) and Price was up (0.37%). Last week on week (Thursday close to Thursday) OI change comes to 9.4% with price change by 0.5%

FIIs Long Short Ratio increased to 47.55%

Bank Nifty Put Call Ratio increased from 0.76 to 0.80

SGX Nifty June OI 197,043 contracts. (-1.82%)

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*