Bank Nifty continue to hold 19000,EOD Analysis

  • As discussed in past analysis  Bank Nifty finally was able to close above 19000 only which as per gann suggests we are entering in next orbit and bank nifty can move till 19374/19509. Bearish only on close below 18711. Now Bulls need a close above 19158 for next move till 19374/19509. Bearish on close below 18950 for move towards 18711. We have monthly closing tomorrow and bulls will like to see close above 19000 and even better above 19160.  Are you Trading or Gambling

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  • Bank Nifty Aug Future Open Interest Volume is at 18.3  lakh with addition of 6.8 lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover is 68 % Rollover cost is coming at 19030  Do you know your Risk of Ruin in trading ?


Buy above 19140 Tgt 19200,19270 and 19360 (Bank Nifty Spot Levels)

Sell below 19050 Tgt 18950,18880 and 18750 (Bank Nifty Spot Levels)

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  1. Bramesh said:

    Its correct

    July 29, 2016
  2. Sir

    Is trend deciding and trend changing level same @ 19166 ? Is it a Co-incidence ?



    July 29, 2016

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