Doji in Daily candle in BANKNIFTY, Possible reversal?
SPOT : 44090
Support : 43385 , 42300, 41913
Resistance : 44465, 45268, 46333
OI Put Highest @ 44000 and call @ 44500
Trade plan : take small long bets
Weekly PCR = 0.7
Monthly PCR = 0.88
PCR
0.8-1.0 - View Neutral to Slight bearish
0.8-0.4- View Full bearish
If Overall PCR is neutral to bearish – and todays change in OI also suggesting neutral to bearish go for neutral or bearish strategy.
If Overall PCR is bearish – and todays change in OI also suggesting neutral to bearish go for bearish strategy.
If Overall PCR is bearish – and todays change in OI also bearish go for bearish strategy only.
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