Bank Nifty heading towards gann line,EOD Analysis

  • 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


Daily Gunner


  • 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.

Buy above 16430 Tgt 16480,16560 and 16700(Bank Nifty Spot Levels)

Sell below 16300 Tgt 16250,16100 and 16020(Bank Nifty Spot Levels)

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