BankNifty Spot closed 55304.50 by adding 1014.30 points to its previous close. BankNifty had huge gap up open at 54891.25, and had smart upward rally. BankNifty closed in positive for 5th consecutive session.
BankNifty Current Month (April) Future Open Interest decreased by 2,59,770. However May month Future Open Interest increased by 7,66,890. June Month Future Open Interest increased by 36,150. Which indicates that April month future positions are rolled over to May month. Fresh Long position being seen built in May and June Month Future contracts.
April, May ,June Month contracts had Highest High and Highest Close for the 4th consecutive session. On 22.Apr.2025, if BankNifty trades in positive, then still more upside can be expected.
Strategy of BankNifty Trading on 22.Apr.2025
Trade Long in BankNifty-Fut and BankNifty Call Options if BankNifty trades in positive. If BankNifty trades in Negative then avoid trading.
Leave a Reply