Bank Nifty Weekly Expiry Analysis

By | September 11, 2019 7:27 pm
  • As Discussed in Last Analysis  27565 done now waiting for higher target of  27800/28100. Bears will get active below 27100 for a move back to 26900/26775/26500. 27800  done and we have seen breakout above gann angle, Now bulls need to move above 27830 for the up move to continue towards 28100/28300. Bears will get bearish below 27500 for a move back to 27300/27100. 

  • Bank Nifty Sep Future Open Interest Volume is at 17.2 lakh with addition of 0.50 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 @4.5 Lakh resistance at 28000  followed 28200. 27000-30000 CE added 0.07 Lakh in OI so bears added position in the zone of 28000-28300.
  • 27000 PE is having highest OI @3.2 Lakh, strong support at 27500 followed by 27800.26000-29000 PE added 2 Lakh OI so bulls making support in the range of 27300-27500.

Buy above 27830  Tgt 27910,28000 and  28100 (Bank Nifty Spot Levels)

Sell below 27700 Tgt 27610,26500 and 26385 (Bank Nifty Spot Levels)

Upper End of Expiry: 28001

Lower End of Expiry: 27550

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