Bank Nifty March Expiry Analysis

By | February 28, 2019 11:28 pm
  • As Discussed in Last Analysis Bulls will rally above 26850 for a move back to 26920/27000/27070. Bears will get active below 26720 for a move back to 26610/26500. High made today was 26920 which we did in gap up, I have changed the scaling of gann angle, Bears will get active below 26720 for a move back to 26610/26500.Bulls will rally above 26850 for a move back to 26920/27000/27070.

  • Bank Nifty March Future Open Interest Volume is at 11.6 lakh with addition of 4.6 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @27064  closed below it.
  • 27000 CE is having highest OI @1.9 Lakh resistance at 27000  followed 27200.  26000-28000 CE added 2 Lakh in OI so bears added position  in the zone of 27000-27100.
  • 26500 PE is having highest OI @3.4 Lakh, strong support at 26800 followed by 26600.26000-28000 PE added 1.3 Lakh OI so bulls making strong support in the range of 26600-26800.

Buy above 26830 Tgt 26920 ,27000 and 27070 (Bank Nifty Spot Levels)

Sell below 26720 Tgt 26666,26610 and 26500 (Bank Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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