- As discussed in past analysis Now Bulls need to close above 19160 for next move towards 19376, bears are active below 18711 only Bank Nifty made high of 18044, low of 18814. Holding 18780/18810 Bulls can make one more attempt to close above 19000. Bulls will be active above 19160 and bears below 18711 in between again sideways range. Common Trading Mistakes
- Bank Nifty July Future Open Interest Volume is at 15.4 lakh with liquidation of 2.4 lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover is 75 % Rollover cost is coming at 17722 Do you know your Risk of Ruin in trading ?
- 19000 CE is having highest OI @7.7 Lakh resistance formation @19000. 18500-19500 CE saw 5.8 lakh addition in OI so bears are adding aggressive position in 19100-19500 CE.
- 18500 PE is having highest OI @6.9 Lakh, strong support at 18500 followed by 18700, Bulls liquidated 1 Lakh in OI in 18500-19000 PE so bulls ran for cover.
Buy above 18910 Tgt 18998,19130 and 19220 (Bank Nifty Spot Levels)
Sell below 18810 Tgt 18770,18670 and 18550 (Bank Nifty Spot Levels)
Click Here to Like Facebook Page get Real time updates
Click Here to Join me on Twitter