Bank Nifty Close at gann angle before Anniversary Date,EOD Analysis

By | April 11, 2018 7:39 pm
  • As Discussed in Last Analysis  High made today was 25279 so we did one more target above 25920, Readers should remember low was made on 05 April our time cycle date, we are up almost 900 points and now we have anniversary date coming tommrow so trade cautiously. Bulls need to hold range of 25050-25100 for this upmove to continue towards 25488/25632. Range of 25630-25650 is strong resistance zone. Bearish below 25050 for a move back towards 24912/24768. Low made today was 24950 so bearish trade got activated but missed our target. Also close is at gann angle at 25100, So bulls will get active above 25100 for a move towards 25250/25488/25632. Bearish below 25050 for a move back to 24912/24768. Tomorrow is Anniversary date lets see what market is having in store for us. Important intraday time for reversal can be at 11:12/1:55.  Trading Resolution for Financial Year 2018-19

  • Bank Nifty April Future Open Interest Volume is at 17.4 lakh with liquidation of 0.46 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @24358  closed above it.
  • 25000 CE is having highest OI @4.7 Lakh resistance at 25000 followed 25200.24000-26000 CE liquidated 0.33 lakh in OI so bears covered  position at higher level in pullback.


  • 24500 PE is having highest OI @6.3 Lakh, strong support at 24800 followed by 24600.24000-26000 PE  added 0.21 lakh in OI so bulls made strong support in range of 24600-24800.


Buy above 25100 Tgt 25210,25320 and 25430 (Bank Nifty Spot Levels)

Sell below 25050 Tgt 24970,24860 and 24750 (Bank Nifty Spot Levels)

Category: Aniversary Date

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.

One thought on “Bank Nifty Close at gann angle before Anniversary Date,EOD Analysis

Leave a Reply