Bank Nifty EOD Analysis for 27 Sep

By | September 27, 2019 7:44 am
  • As Discussed in Last Analysis  We have monthly expiry today and we are back to gann angle support so above 29710 bulls will get active for a move back to 29000/30200. Bears will get active below 29450 for a move back to 29250/29100. 30200 done, Bulls now need a close above 30096 for a move back to 30240/20384/30528. Bears will get active below 29952 for a move back to 29808/29664/29520.

  • Bank Nifty Oct Future Open Interest Volume is at 8.8  lakh with addition of 1.9 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @30213  closed above it.

Buy above 30058 Tgt 30145,30232 and  30319 (Bank Nifty Spot Levels)

Sell below 29970 Tgt 29885,29799 and 29600 (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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