Bank Nifty November Expiry Analysis

  • Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16862 and below that 16587. Resistance at 17170 and than 17280.  Are you Trading on Skills or Luck


  • Bank Nifty November Future Open Interest Volume is at 13.9 lakh with liquidation of 4 Lakh and 3.7 Lakh got rollovered to Dec series. Bank Nifty Rollover is at 44.4% with rollover cost coming @ 17159 in December Future, Can Traders make money in Stock market?


  • 17500 CE is having highest OI @7.8 Lakh strong resistance formation @17500. 17100/17300 CE added 1.2 lakh so bears added position as bank nifty unable to close above gann trendline ,close above 17170 on expiry day can create panic in bear camp and we can see fast move.
  • 17000 PE is having highest OI @5.6 lakh strong base @17000 followed by 16700. As we have been discussing  Range of Bank Nifty at start of series is coming between 16500-17500 and bank nifty is trading well within the range till last day of expiry,Writers made very good money 🙂

Buy above 17140 Tgt 17210,17290 and 17320(Bank Nifty Spot Levels)

Sell below 16960 Tgt 16900,16830 and 16720 (Bank Nifty Spot Levels)

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  1. Bramesh said:

    Thanks Yogeshji. Will update the correct chart.

    November 25, 2015
  2. Yogesh Bhatia said:

    Bramesh Ji.. Is the demand supply chart shown above updated? Because if its a daily chart, the previous day candlestick shows movement above 17170 which never happened. Kindly correct me if am at a wrong.

    November 25, 2015

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