Bank Nifty Bears Break vedic number 26640, Rewards Handomsley

By | September 18, 2018 8:14 pm
  • As Discussed in Last Analysis  Bearish below 27100 for a move back to 27000/26920/26780. Bank Nifty opened with gap down and closed near the gann angle.Bearish below 26740 for a move back to 26640/26496/26280. Bullish above 26898 for a move back to 27000/27072/27225. High made today was 26898 so bulls made a failed attempt to close above 26898 and once 26740 broken bulls did the target all the way till 26496. Bears need to break 26420 for a move towards 26280-26072-25997,Range of 25997-26010 is important support zone, Bullish above 26580 for a move back to 276784/27070. Important intraday time for reversal can be at 10:38/1:07.Do you know your Risk of Ruin in trading ?


  • Bank Nifty Sep Future Open Interest Volume is at 19.5 lakh with addition of 3.9 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @28307 closed below it and corrected 1800 points.
  • 27000 CE is having highest OI @8 Lakh resistance at 26800  followed 27000.  26000-28000 CE added 11.4 Lakh in OI so bears continue to  add at 26800-27000 CE.


  • 27000 PE is having highest OI @8.3 Lakh, strong support at 26300 followed by 26000.26000-28000 PE added 1.69  lakh OI so bulls having strong support in range of 26000-26200.



Buy above 26496 Tgt 26580,26666 and 26750 (Bank Nifty Spot Levels)

Sell below 26400 Tgt 26280,26150 and 26000 (Bank Nifty Spot Levels)

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Category: Bank Nifty Time Cycle

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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