ilmscore | Prediction Details
"and here I am selecting Bank Nifty and 18th May data Okay now if you see here 43 500 right now you saw it's 43 000 the closing happened at forty three thousand four seventy five so pretty much close is forty three thousand five hundred just have a look at this forty three thousand five hundred 79 906 is the oi that's the open interest seventy nine thousand nine hundred six almost eighty thousand oi is here Okay now if you see here if Bank Nifty is able to close above that imagine the number of people who are going to get trapped at this level of forty three thousand five hundred correct now this is this would typically be called as a short covering and once short covering happens that can lead to a further rally"
By CA Rachana Phadke Ranade | May 11, 2023 | Pending
From video
Bank Nifty to lead the coming rally? | CA Rachana Ranade 00:09:31 - 00:10:18
Interpreted Prediction
If Bank Nifty closes above 43500, it could trigger a short covering rally.

Prediction Details

Ticker
BANKNIFTY

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