Bank Nifty hold on to gann angle,EOD Analysis

By | June 30, 2018 7:42 am
  • As Discussed in Last Analysis  Now as new series will start, Bulls need a close above 26352 for a move back to 26496/26640. Bearish below 26280 for a move towards 26210/26064. High made today was 26465 and we closed above 26352 so bulls continue to close above 26352 suggesting bulls have upper hand and can rally towards 26496/26640/26784/26920.Bearish below 26280 for a move towards 26210/26064.  Bank Important intraday time for reversal can be at 12:09/1:29.Trading a New Account

  • Bank Nifty July Future Open Interest Volume is at 19.2  lakh with liquidation of 1.2 Lakh, with increase in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @26490 closed below it.
  • 27000 CE is having highest OI @5.2 Lakh resistance at 27000 followed 27300.26000-28000 CE added 1.1 Lakh in OI so bears added  position at higher level  still resistance in range of 26500-26700


  • 25500 PE is having highest OI @7 Lakh, strong support at 26000  followed by 25800.26000-28000 PE  added 1.2  lakh in OI so bulls having strong support in range of 26000-25800.


Buy above 26400 Tgt 26451,26555 and 26630 (Bank Nifty Spot Levels)

Sell below 26330 Tgt 26230,26150 and 26064 (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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