Bank Nifty EOD Analysis for 09 Sep

By | September 7, 2019 12:42 pm
  • As Discussed in Last Analysis As per Astro time cycle we should see big move in bank nifty in next 2 trading session.Bulls now need to close 27000 for a move back to 27170/27300/27570. Bears will get active below 26900 for a move back to 26703/26621/26500. Low made was 26950 so bears did not had a chance and bulls once above 27000 did 2 target on upside and we got a trending move also, Till we are holding 27000 next target should be 27570/27800. Bears will get active below 26900 for a move back to 26703/26621/26500.

  • Bank Nifty Sep Future Open Interest Volume is at 15.9 lakh with liquidation of 0.56 Lakh, with decrease in Cost of Carry suggesting long positions were covered today. Bank nifty Rollover cost @27807 closed below it.
  • 28000 CE is having highest OI @4.4 Lakh resistance at 27500  followed 28000. 27000-30000 CE added 1.3 Lakh in OI so bears added position in the zone of 27300-27500.
  • 26500 PE is having highest OI @3 Lakh, strong support at 26800 followed by 26500.26000-29000 PE added 1 Lakh OI so bulls making support in the range of 26800-27000.

Buy above 27300 Tgt 27419,27530 and  27750 (Bank Nifty Spot Levels)

Sell below 27150 Tgt 27030,26890 and 26721 (Bank Nifty Spot Levels)

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Category: Bank Nifty Astrology

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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