Bank Nifty Trade set up for 20 March

By | March 20, 2020 8:54 am
  • As discussed in last analysis  Another gap down open will be seen and bears should can see fall towards 19683/19360 another important gann numbers once we start trading below 20000. Bulls will get active above 20300 fora move towards 20600/21000.All Bearish and Bullish target done below 20000 and above 20300. 21 is very important astro date so effect should be seen today or on Monday. Bulls now need to move above 20250 for a mvoe back to 20500/20800/21000. Bears will get active below 19683 for a move back to 19300/19000

  • Bank Nifty March Future Open Interest Volume is at 10.9 lakh with liquidation of 1.5  Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @30428 closed below it.
  • 21000 CE is having highest OI @18  Lakh resistance at 21000  followed 21500.20000-23000 CE added 25  Lakh in OI so bears added position in the zone of 20500-21000.
  • 19500 PE is having highest OI @8 Lakh, strong support at 19500 followed by 19000.19000-21000 PE added 11 Lakh OI so bulls making support in the range of 19000-19500.

Buy above 20100 Tgt 20225,20500 and  20800 (Bank Nifty Spot Levels)

Sell below 19930 Tgt 19650,19400 and 19100  (Bank Nifty Spot Levels)

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.

Leave a Reply