Bank Nifty does 26660 below 26920,EOD Analysis

By | June 2, 2018 8:44 pm

As Discussed in Last Analysis Now bulls need a close above 27072 for the next round of up move towards 27216/27360 where we see the next gann resistance, Above which we can do 27756/27789. Bearish below 26920 for a move towards 26784/26640. As soon as 26920 was broken bears were on front seat and made… Read More »

Bank Nifty hold 26352 and bounced 500 point,EOD Analysis

By | May 31, 2018 8:38 pm

As Discussed in Last Analysis Bank Nifty opened gap down took support near 26000 and bounced back, Now bulls need to see a close above 26352 for a move back to 26496/26640/26777. Any break of 26208 can see fast decline towards 26064/25920/25776/25600. Low made today was 26354 so again bank nifty respected our level of 26352… Read More »

Nifty May Expiry Analysis

By | May 30, 2018 11:42 pm

FII’s sold 9.8 K contract of Index Future worth 832 cores ,7.3 K Long contract were added by FII’s and 17.1 K Short contracts were added  by FII’s. Net Open Interest increased  by 24.4 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures.  FII’s Long to… Read More »

Bank Nifty May Expiry Analysis

By | May 30, 2018 9:07 pm

As Discussed in Last Analysis   As soon was 26500 broken we saw the decline towards 26250 so we again reacted from gann angle resistance zone. Any break of 26208 can see fast decline towards 26064/25920/25776/25600. Bullish above 26352 for a move back to 26496/26640/26777. Bank Nifty opened gap down took support near 26000 and bounced… Read More »