Bank Nifty Analysis for 13 July

By | July 12, 2021 8:14 pm
  • As Discussed in Last Analysis  We are near gann angle suport  so another upmove can be seen once we move above 35340 for a move towards 35472/35678/36082 Bears will get active below 35130 for a move back to 35040/34864/34730. High made was 34394 so bulls failed to rally above it and bears failed to fall below 35130, but were able to hold gann angles. We should see trending move in next 2 days based on astro dates in below video. Bulls need to move above 35400 for a move back to 35555/35729/35900. Bears will get active below 35040 for a move back to 34883/34729/34512.

  • Bank Nifty July Future Open Interest Volume is at 21.2 lakh with liqudiation of 0.09 Lakh, with decrease in Cost of Carry suggesting LONG positions were closed today. Bank nifty Rollover cost @34909 and Rollover 81.1% closed above it.
  • 36000 CE is having highest OI @15.3 Lakh resistance at 36000 followed 36300. 35000-36000 CE added 14.6 Lakh in OI so bears added position in the zone of 36000-36500.
  • 34500 PE is having highest OI @18.2 Lakh, strong support at 34500 followed by 34000 .34000-35000 PE added 12 Lakh OI so bulls making support in the range of 34000-34500.

Buy Above 35230 Tgt 35343, 35551 and 35700 (Bank Nifty Spot Levels)

Sell Below 35130 Tgt 35040, 34864 and 34729 (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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