- Bank Nifty opened gap down near the 16200 near the new demand zone quickly recovered all the looses, closed well above the new demand zone of 16286. Bulls can push prices towards 16573/16758, strong support exits near the Gratley Harmonic support of 16024 Problems Created by Trading Loss
- Bank Nifty December Future Open Interest Volume is at 25.8 lakh with liquidation of 0.54 Lakh with decrease in CoC suggesting long position closed today.Bank Nifty rollover cost coming @ 17158 closing below it fall continues .Can Traders make money in Stock market?
- 18000 CE is having highest OI @6.2 Lakh strong resistance formation @18000. 17000 CE added 0.30 lakh so bears added aggressive position in 17000 CE as bank nifty broke and closed below 16587.16500-17500 CE added 0.73 Lakh in OI.
- 16000 PE is having highest OI @5.5 lakh, strong support at 16000 .16000-17000 PE liquidated 0.19 Lakh in OI by Bulls.
Buy above 16400 Tgt 16450,16560 and 16700(Bank Nifty Spot Levels)
Sell below 16200 Tgt 16100,16000 and 15900(Bank Nifty Spot Levels)
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