Bank Nifty continue with uptrend,EOD Analysis

Daily Gunner

  • Bank Nifty April Future Open Interest Volume is at 18.2  lakh with addition of 1.4 lakh, with increase in Cost of Carry suggesting long positions were added today.Rollover cost @16000 and Bank Nifty gave impulsive move once closed above it,  Do you know your Risk of Ruin in trading ?
  • 17000 CE is having highest OI @7.8 Lakh resistance formation @17000 . 15000-17000 CE added 0.38 lakh as bank nifty closed above 16000 hence bears not getting aggressive.
  • 16000 PE is having highest OI @5.9 Lakh, strong support at 16000 followed by 15600, Bulls added 3.3 Lakh in OI in 15000-17000 PE as bank nifty closed above the demand zone of 16300.

Buy above 16390 Tgt 16440,16520 and 16660 (Bank Nifty Spot Levels)

Sell below 16290 Tgt 16210,16150 and 16000 (Bank Nifty Spot Levels)

Click Here to Like Facebook Page get Real time updates

Be First to Comment

Leave a Reply