Will Bank Nifty Bulls pass the litmus test of close above 25390,EOD Analysis

By | December 9, 2017 12:01 am

  • Bank Nifty Dec Future Open Interest Volume is at 19.2 lakh with liquidation of 2.6 Lakh, with decrease in Cost of Carry suggesting Long positions were closed today. Bank nifty Rollover cost @25844, closed below it.
  • 26000 CE is having highest OI @10.7 Lakh resistance at 26000 followed 26500.24500-26500 CE added 1.3 lakh in OI so bears added position at higher level making strong resistance in range of 25500-26000.


  • 25000 PE is having highest OI @13.1 Lakh, strong support at 25000 followed by 24800.24500-26500 PE added  0.3 lakh in OI so bulls added position at lower level and closed above 25000 again.


Buy above 25350 Tgt 25410,25500 and 25610 (Bank Nifty Spot Levels)

Sell below 25250 Tgt 25190,25100 and 25020 (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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