All F & O traders find the bank nifty option chain to be very helpful, if not highly popular. An option chain is a webpage or link that provides all the essential information about the stock or index option contract. It contains information about open interest, implied volatility, volume, the most recent trade price, and the quantity of both call and put options available at all strike prices.
The trader can determine the levels of support and resistance using the BNK option chain. The BNK index’s current price fluctuations will also have an impact on the chart above.