PCR Autotrender for Bank Nifty calculates the Put-Call Ratio and presents it in a minute-by-minute PCR table. Other than PCR, the PCR table also contains VWAP and current Bank Nifty Futures price to make easier trading decision. We present the following on this page:
- Bank Nifty Open Interest table
- Bank Nifty PCR table
- Bank Nifty PCR chart
PCR Autotrender Open Interest table of Bank Nifty is derived from the Option Chain of NSE. It is made up of the strike price closest to the current spot price and 16 other strike prices nearest to the spot. The other strike prices are ignored for the calculation of PCR since the open interest position of far away strike price can be misleading.
Below is the PCR Autotrender Open Interest table of Bank Nifty derived from the Option Chain of NSE.
BANK NIFTY OI TABLE
Bank Nifty Index is made up of top Indian banks like ICICI Bank, HDFC Bank, State Bank and others. It is generally more volatile than Nifty 50, thus making it more profitable for traders. But other side of the coin is, more caution has to be exercised while trading in Options of Bank Nifty.
Since, it is more volatile, any wrong placement of stop loss can trigger it in a flash and the trade might get exited. Therefore, entering at the correct price is crucial.
While using Bank Nifty PCR Autotrender table, a generally accepted opinion is, the PCR above 1 and Bank NIFTY future price just above the VWAP, is a good entry point for buying call. Both VWAP and Futures price is included in the PCR Table above. Closer the Futures price is to VWAP, lower is the risk. And the stop loss point should be below the VWAP at a price that fits well with the trader’s risk-reward ratio.
Below is the PCR Autotrender table of Bank Nifty derived from the above OI table and presented minute by minute.
BANK NIFTY PCR TABLE
| Time | Call | Put | PCR | Option Signal | VWAP | BANK Nifty FUT | VWAP Signal | Action |
|---|
Next, we have a Bank Nifty PCR Chart. This is derived from the Bank Nifty PCR table above.
The red dotted line is marking the PCR 1 for easy visibility of the trader.
Below is the PCR Autotrender chart of Bank Nifty derived from the above PCR table.
BANK NIFTY PCR CHART
