- As discussed in Last Analysis Bank Nifty did the final target of shark pattern and showed bounce back, but closed below the demand zone of 16286mBank Nifty made high of 16229 and was unable to close above 16286, and which increases probability of Bank Nifty going towards 15762/15800. Bullish only above 16300 Keep Your Dream
- Bank Nifty December Future Open Interest Volume is at 24 lakh with liquidation of 0.10 Lakh with increase in Cost of Carry suggesting short positions were added today .Bank Nifty rollover cost coming @ 16957 and corrected heavily one started trading below Rollover Price.Can Traders make money in Stock market?
- 17000 CE is having highest OI @6.1 Lakh strong resistance formation @17000. 16500 CE added 0.41 lakh so bears continue to add position trading below the demand zone .16000-17000 CE added 1.4 Lakh in OI, aggressive addition shown by bears.
- 15500 PE is having highest OI @5 lakh, strong support at 15500 and before that 16000 .16500-15500 PE added 0.56 Lakh as base is moving down every day.
Buy above 16160 Tgt 16210,16283 and 16337 (Bank Nifty Spot Levels)
Sell below 16080 Tgt 16030,15970 and 15900 (Bank Nifty Spot Levels)
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