Bank Nifty continue to rally Holding 25100,EOD Analysis

By | November 1, 2018 8:58 pm
  • As Discussed in Last Analysis Bank Nifty gave the big move as per astrological cycle and also did the target of 25080 and now waiting for 25287 and extended target of 25490/25698. Bearish below 25050 for a move back to 24920/24784/24656. 25287 done till we are holding 25100 we can rally towards 25490/25698.  Bearish below 25050 for a move back to 24920/24784/24656.Important intraday time for reversal can be at 9:39/2:29. Nifty Astrological Analysis



  • Bank Nifty Nov Future Open Interest Volume is at 14.9 lakh with liquidation of 1.1 Lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @25131 rollover closed below it.
  • 25500 CE is having highest OI @5.77 Lakh resistance at 25500  followed 26000.  24000-27000 CE added 3.3 Lakh in OI so bears added in range 25300-25500 CE.
  • 25000 PE is having highest OI @6.4 Lakh, strong support at 25000 followed by 24800.24000-26000 PE added 2.7  lakh OI so bulls continue to add in range of 24800-25000.



Buy above 25377 Tgt 25440,25555 and 25630 (Bank Nifty Spot Levels)

Sell below 25280 Tgt 25170,25100 and 25010 (Bank Nifty Spot Levels)

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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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