Bank Nifty EOD Analysis for 11 Sep

By | September 11, 2019 12:05 am
  • As Discussed in Last Analysis 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. 27565 done now waiting for higher target of  27800/28100. Bears will get active below 27100 for a move back to 26900/26775/26500.

  • Bank Nifty Sep Future Open Interest Volume is at 16.7 lakh with addition of 0.78 Lakh, with increase in Cost of Carry suggesting long positions were added 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 27600 Tgt 27700,27830 and  27950 (Bank Nifty Spot Levels)

Sell below 27250 Tgt 27100,26890 and 26721 (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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