Bank Nifty does 25000 from 25450,EOD Analysis

By | December 4, 2017 8:36 pm
  • As discussed in Last Analysis   High made today was 25441 so bulls were unable to break 25488 and bears as soon they broke 25300 did the first target of 25150 as low made was 25152. Till we are below 25250 we can correct all the way towards 25000.24800. 24780-24800 is important support zone so if prices comes around this level its a good point to enter of long side. Bullish above 25300 for a move towards 25488/25611. High made today was 25297 so bulls again failed to break our level of 25300 and saw a decent fall till 24993 as we have discussed. So we were able to capture the clean move till 25000. Now Fresh shorts should be taken below 25000 for a move towards 24780-800 where strong support lies. Bullish above 25150 for a move towards 25300/ 25450. Today was an important day as per time cycle so if 25000 is broken we can see good fall of 200-300 points.  The ‘formula’ for trading Success :Consistency

  • Bank Nifty Dec Future Open Interest Volume is at 17.9 lakh with addition of 1.9 Lakh, with increase in Cost of Carry suggesting Long positions were added today. Bank nifty Rollover cost @25844, closed below it.
  • 26000 CE is having highest OI @8.4 Lakh resistance at 26000 followed 26500.24500-26500 CE added 1.6 lakh in OI so bears added position at higher level at the start of the series.


  • 25000 PE is having highest OI @9.1 Lakh, strong support at 25000 followed by 24800.24500-26500 PE added  5.2 lakh in OI so bulls added position at lower level making base in range of 25500-25100 even after a big fall.


Buy above 25130 Tgt 25230,25320 and 25410 (Bank Nifty Spot Levels)

Sell below 25020Tgt 24950,24840 and 24730 (Bank Nifty Spot Levels)

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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