Munafa CANBK (target) price & Options chain analysis (Canara Bank) Option chain analysis (CANBK) 29 Thu May Expiry

Munafa CANBK (target) price & Options chain analysis (Canara Bank) Option chain analysis (CANBK) 29 Thu May Expiry Which Call CE or PUT PE options to buy or sell in Canara Bank CANBK

Lot size for CANARA BANK CANBK is 6750

CANBK SPOT Price: 100.86 as on 12 May, 2025

Canara Bank (CANBK) target & price

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CANBK Option Chain Data Analysis for Canara Bank CANBK option chain

Maximum Call writing has been for strikes: 100 110 105 95
Until yesterday Maximum Call writing has been for strikes: 100 110 95 105

Open Interest of Call writers for the options of Canara Bank CANBK is shifting downwards. This would mean that markets are slowly moving downwards, and buying CALLS and CE might not be profitable.

Maximum Put writing has been for strikes: 90 100 95 96
Until yesterday Maximum Put writing has been for strikes: 90 100 95 94

Open Interest of PUT writers for the options of Canara Bank CANBK is shifting upwards. This would mean that markets are moving in an upward directions. Buying PUTS and PE of Canara Bank might not be profitable.

CANBK Option Chain Price Analysis for Canara Bank CANBK option chain

Stock is in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Canara Bank CANBK at this time.

It appears as if Canara Bank CANBK gave a large move recently.

Stock of Canara Bank (CANBK) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Canara Bank is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Canara Bank stays above 99.6, but if it comes below 99.6, then a intra day sell could be more profitable.
If you take a sell trade below 99.6, then use 99.6 as stoploss and 96.33 as target. However if you take a buy trade in Canara Bank, then use 99.6 as stoploss and 103.6 as target.