Bank Nifty Overview for May Series

By | April 27, 2017 6:37 pm
  • As discussed in Last Analysis   Bank Nifty continue to hold 22000 and made high of 22276. Levels to watch on upside as per gann analysis 22374/22547. Good Support in range of 21800-21830, till this level is held bullish bias continue. High made today was 22380 near our target of 22374. So Bank Nifty continue with its uptrend, Now bulls need close above 22380 for a quick move towards 22547  and 22800. Support is in range of 21950-22000 below which we can see quick fall towards 21800/21500. Any close above 22400 will be bullish for next move towards 22800/23200 with minor resistance at 22547. How to trade F&O like Professional trader

  • Bank Nifty May Future Open Interest Volume is at 33.5 lakh with addition of 10.7  Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @22305, closed above it and Rollover % at 75, Highest in last 4 months.


Buy above 22380 Tgt 22450,22540 and 22670 (Bank Nifty Spot Levels)

Sell below 22250 Tgt 22120,22100 and 21820 (Bank Nifty Spot Levels)

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