Punters up the ante on Bank Nifty as SC defers interest waiver case

Mumbai: Traders are building intraday long positions in Bank Nifty with the Supreme Court decision of waiver of interest on interest during lockdown being deferred till October 5. The target is 22,000.

The 21,500 call strike as per weekly option expiring October 1 has begun to see short -covering, indicating that traders could have a shy at 22000.

Whether this rise will be sold into remains to be seen, said independent technical analyst Hormuz Maloo .

The weekly expiry open interest based put call ratio has gone above 1 from 0.88 on Friday , another bullish indicator .