- Bank Nifty made High of 15489 and low of 15178, so again close above 15136 and able to cross resistance zone of 15440 and also important gann resistance of 15452, So tomorrow we need to see if we close above 15452 and show a follow upmove towards 15555 near gann resistance line and close above it. Support is now at 15100-15136.How “Not learning” from Trading Mistakes can be Disastrous
- Bank Nifty March Future Open Interest Volume is at 18.8 lakh with liquidation of 0.59 lakh with increase in Cost of Carry suggesting long positions were added today. Bank Nifty able to close above Rollover price @14115 and gave 1300 Points. How To Identify Market Tops and Bottom
- 15500 CE is having highest OI @6.4 Lakh resistance formation @15500. 13500-15500 CE saw 0.04 lakh liquidation as bears booked some profit as bank nifty is closing below 15500 but above 15136.
- 14500 PE is having highest OI @7 Lakh, strong support at 14500 followed by 14000, Bulls added again in 14500/15000 PE.14000-16000 PE saw 2.7 lakh addition so bulls added aggressively today also follow up of last 3 days. addition . Range for March Series comes @ 13000-15500.
Buy above 15500 Tgt 15580,15680 and 15800 (Bank Nifty Spot Levels)
Sell below 15350 Tgt 15270,15140 and 15000 (Bank Nifty Spot Levels)
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