Bank Nifty Futures Continue Downtrend: Open Interest and Price Movement Inference
In the latest update on Bank Nifty futures, the market is showing a continuation of the downtrend. As of 26th March 2024, 02:45 PM IST, Bank Nifty futures are at 46730.0 (-0.42%) with an open interest change of 4.11%. This indicates a bearish sentiment in the market, with traders expecting the downward trend to persist.
The performance of Bank Nifty on the NSE today has been closely watched, with the index currently trading at 46682.4, down -0.39% compared to its previous close. The intraday range has seen a low of 46552.95 and a high of 46788.35, reflecting the volatility in the market.
Additionally, the most active Calls & Puts contracts for Bank Nifty are being closely monitored. The top gainers and losers in the sector, as well as the stocks witnessing high volume in trades, are also being analyzed to gauge market sentiment.
Overall, the Bank Nifty market is experiencing a bearish trend, with traders keeping a close eye on the price movements and open interest to make informed decisions. Stay tuned for more updates on the Bank Nifty and its performance on the NSE.
