Bank Nifty ready for big move,EOD Analysis for 08 Oct

By | October 7, 2015 7:00 pm
  • As disused  in Yesterday Analysis  Any break below todays low can see bank nifty moving towards 17201/16900 in short term and closing above 17831 we can move towards 18000/18100 in short term. Bank Nifty made low of 17500 did not break yesterday low and High made 17674 so remain in the range and formed a DOJI candlestick, As per time analysis big move can be seen in Bank Nifty in next 2 trading sessions. Break of 17490 can see bank nifty moving towards 17366/17133 and break above 17830 can see quick move towards 18000, As per gann analysis bulls needs to close above 180 degree else bears will push bank nifty towards 225 degree. Are you suffering from Fear of losing in Trading?

BANKNIFTY - Pyrapoint


  • Bank Nifty October Future Open Interest Volume is at 23.7 lakh with addition of 0.36 Lakh with increase in CoC suggesting long  position were added today. Rollover cost @17334, and bank nifty closed above it.
  • 18000  CE  OI at 4.5  lakh with liquidation of 0.21 lakh suggesting , wall of resistance @ 18000 getting weaker .17500 CE did not add anything lakh so bears will wait for break of  17500 to add aggressively. 17000-18000 CE liquidated 0.23 Lakh in OI suggesting bulls are in control
  • 17000 PE OI@ 5.9 lakhs  strong base @ 17000.  16500/17000 PE  liquidated 0.77 lakh so bulls showed follow up action today with aggressive addition as 17500 is not breaking. 16000/17000 PE added 0.96 lakh aggressive addition by bulls seen today.


Buy above 17700 Tgt 17770,17860 and 17975 (Bank Nifty Spot Levels)

Sell below 17580 Tgt 17520,17450 and 17340 (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.

6 thoughts on “Bank Nifty ready for big move,EOD Analysis for 08 Oct

  1. varun

    Please use ninja trader software analysis like you have been using. I feel It is much more effective and understanding.

  2. Rahul

    Sir which tool/software do u use for charts? Does it have Gann angles and fan in built? In this age also i still make GANN angles with protector/pencil/scale.


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