Nifty Bank Analysis as Astro Date Confluence

By | July 13, 2020 7:45 pm
  • As discussed in last analysis  High made was 22835 so bears broke 22800 and did 2 target on downside. Now Bears need to break 22300 for a  move back to 22110/21870/21640. Bulls will get active above 22570 for a move back to 22800/23040.Bank Nifty opened with gap up and once below 22300 did 1 target on downside, As today is important Astro date as discussed in below video,today high and low break will lead to next 500-750 points in Bank Nifty. Bulls will get active above 22250 for a move back to 22500/22650/22900. Bears will get active below 21970 for a move back to 21800/21640/21400.

  • Bank Nifty July Future Open Interest Volume is at 17.4 lakh with addition of 1.3 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @21720 closed above it.
  • 23000 CE is having highest OI @8 Lakh resistance at 22500 followed 23000.21000-23000 CE added 24 Lakh in OI so bears added position in the zone of 22500-23000.
  • 21500 PE is having highest OI @10 Lakh, strong support at 21500 followed by 21000.20000-23000 PE added 24 Lakh OI so bulls making support in the range of 21800-22000.

Buy Above 22170 Tgt 22250,22340 and 22500 (Bank Nifty Spot Levels)

Sell Below 21970 Tgt 21850,21700 and  21580 (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.

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