- Bank Nifty again went 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 gann green arc as shown in second chart, closing above the gann line @16580 can push prices all the way towards 17000 in coming sessions How Professional Traders Differ From Amateurs
- Bank Nifty December Future Open Interest Volume is at 25.6 lakh with liquidation of 0.23Lakh 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 Lakh strong resistance formation @18000. 17000 CE added 0.42 lakh so bears added aggressive position in 17000 CE as bank nifty broke and closed below 16587.16500-17500 CE added 0.24 Lakh in OI.
- 16000 PE is having highest OI @59 lakh, strong support at 16000 .16000-17000 PE liquidated 0.09 Lakh in OI by Bulls.
- Bank Nifty Futures Trend Deciding level is 16328 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 16981 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . Traders who initiated on TC level were handsomely rewarded.
Buy above 16430 Tgt 16480,16560 and 16700(Bank Nifty Spot Levels)
Sell below 16300 Tgt 16250,16100 and 16020(Bank Nifty Spot Levels)