The options scanner pinpoints the bank nifty options contracts with an SMA(21) less than or equal to the SMA(50), while ensuring the RSI(14) is under 50, observed on a 5-minute chart, indicating a potential downtrend and weakened relative strength. This information is highly relevant for those using intraday screeners.
Universe
Nifty 500
Time Frame
5 Minutes
Conditions
SMA(close, 20, 0) higher than SMA(close, 50, 0) and RSI(14,0) crosses above 50