How do you read Banknifty?

Nifty Bank, or Bank Nifty, is an index comprised of the most liquid and large capitalised Indian banking stocks. It provides investors with a benchmark that captures the capital market performance of Indian bank stocks. The index has 12 stocks from the banking sector. The top stocks of the index include HDFC Bank Ltd.

How do I check my Banknifty volume?

Bank Nifty volume PCR is calculated by dividing the trading volume of all the put option contracts on a given day by the trading volume of all the call option contracts..

What does CE and PE mean?

CE stands for Call European. A put option is bought when the trader expects the underlying price to decrease within a given time frame. PE stands for Put European.

How does Banknifty work today?

The Bank Nifty Index is computed using free-float adjusting market capitalization with base date of Jan 1, 2000 indexed to base value of 1000. The Index level directly reflects the value of all the stock of that Index.

How do I know my Nifty direction?

With charts The simplest way to identify the direction of Nifty is to use a simple moving average. We provide an end of day chart below. On the chart, there is a red line, which is 5-day simple moving average. If the close of Nifty is above the 5-day SMA the short term trend is UP.

Does Vwap work in Bank Nifty?

Since there are no trades on the Indices, volume data will not be available and you will not be able to add volume-based indicators to the charts.

What is Banknifty option trading?

Bank Nifty Option Tips and Strategy. Bank NIFTY is an index of the 12 highest cap and most liquid stocks from the banking sector. Launched in 2009, this index is now heavily traded on the stock market, with a lot of traders making a living off exclusively specializing in Bank NIFTY.

What does Banknifty depend on?

Bank Nifty Future(BNK Future) is a derivative contract traded on the National Stock Exchange of India (NSE) Whose underlying is BNK Index. Means that BNK Futures will derive its value from BNK Index which depends on the movement of top banking stocks in the Index.

How do you predict the Banknifty movement?

Technical factors: Derivative Indicator

1. High Call and Put option OI (Open Interest) of the index: Positional and short term.
2. High Call and Put option OI of HDFC Bank, ICICI Bank, KOTAK Bank, SBI and Axis Bank.
3. Index Future OI and Price movement on weekly and monthly data: Long Buildup, Short Buildup, and Short Covering.