Bank Nifty ready for Big move,EOD Analysis for 14 Oct

  • Bank Nifty continued in consolidation mode forming DOJI candlestick, should see big move in next 2 trading days as per time analysis. 17850 is breakout area for 18050/18144 and 17350 is breakdown area for 17177/17000, In between its pure consolidation mode. How To NOT Blow Up Your Trading Account

BANKNIFTY - Pyrapoint



  • Bank Nifty October Future Open Interest Volume is at 22.1  lakh with liquidation of 0.25  Lakh with increase in CoC suggesting short  position were closed today. Rollover cost @17334, and bank nifty closed above it but near rollover price.
  • 18000  CE  OI at 5.8  lakh with liquidation of 0.05  lakh suggesting , wall of resistance @ 18000 .17500 CE liquidated 0.05 lakh so bears did not add position. 17000-18000 CE added 0.08 Lakh, again today low was 17473 so 17500 is playing crucial role as we have been discussing.
  • 17000 PE OI@ 6.3 lakhs  strong base @ 17000.  16500/17000 PE  liquidated 0.13 lakh so bulls finally gave up some ground but still close was above 17500. 16000/17000 PE liquidated 0.11 lakh.


Buy above 17630 Tgt 17720,17860 and 17980 (Bank Nifty Spot Levels)

Sell below 17450 Tgt 17400,17320 and 17250 (Bank Nifty Spot Levels)


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One Comment

  1. durairajan said:

    as per bollinger thrust first RES is at 18021 BNFUTURE ….

    October 13, 2015

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