Bank Nifty Jan 2016 Expiry Analysis

  •  As discussed in last analysis Bank Nifty Resistance at 15713 crossing the same can see fat move till 15882/16000.  Bearish only on break of 15400. Bank Nifty again made high of 15673 again unable to close the demand zone of 15713 and took support near the gann horizontal line, so trading in a zone before seeing a breakout. We should see big move in next 2 days as per time analysis. Support at 15400 and resistance at 15713.Want to Be Profitable Trader?

Daily Gunner


  • Bank Nifty January Future Open Interest Volume is at 14.6 lakh with liquidation of 7.1  Lakh with decrease in Cost of Carry suggesting long positions were closed today .Bank Nifty rollover cost coming @ 15247 and Rollover % @46.7 till date for Feb series. How To Identify Market Tops and Bottom
  • 16000 CE is having highest OI @6.2 Lakh strong resistance formation @16000. 15500 CE saw 0.04  Lakh addition by bears no major addition seen .15000-16000 CE liquidated 1.8 Lakh in OI. 15400-15900 looks the range for expiry
  • 15000 PE is having highest OI @5.8 lakh, strong support at 15000 and 15400 is also strong support looking at OI addition.15000-16000 PE saw 0.78 lakh addition so bulls added aggressively  today in 15400

Buy above 15600 Tgt 15765,15780 and 15890 (Bank Nifty Spot Levels)

Sell below 15400 Tgt 15320,15200 and 15100 (Bank Nifty Spot Levels)

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