Bank Nifty does 21000 holding 20750,EOD Analysis

By | February 25, 2017 9:36 am
  • As discussed in Last Analysis  High made today was 20958 so still we are not able to do our target of 21000-21100, Till 20750 is held we will be able to achieve the target. Bulls need a close above the green arc for the impulsive move to happen. Bearish only on close below 20500. Bank nifty did the target of 21000 holding above 19750 and saw correction on last hour of expiry but still manage to hold 20750, Till 20750 will hold we will make another attempt to make a new fresh life time high and heading towards 21100-21200. Bearish only on close below 20750.  Are You Addicted To Trading?

  • Bank Nifty March Future Open Interest Volume is at 27 lakh with addition of 9 lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @20877 and rollover  at 59%.

Buy above 20900 Tgt 20950,21110 and 21080 (Bank Nifty Spot Levels)

Sell below 20800 Tgt 20720,20630 and 20500 (Bank Nifty Spot Levels)

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