Bank Nifty October Series Outlook

  • May this Navratri be as bright as ever May this navratri bring joy Health and wealth to you .Happy Navratri Jai Mata Di !!    As discussed in Last analysis    As seen in below charts, break of 19096 can see fast fall towards 18846 and 18500 in short term. Bullish only on close above 19450 only.  Low made was 19085 and we saw quick recovery, but Bulls are not out of woods, Bulls need a close above 19451 for target of 19732/19811. Only on close above 19811 Bank nifty can move towards 20000/20212/20571. Any close below 19000 will see fast move towards 18800/18500. This can be the overview for the October series. Also as per time Analysis 25 Oct is major turn date expect 1000 point move from the high and low of 25 Oct.  Where learning ends, beginning of practice happens and that is transformation !!


  • Bank Nifty Oct Future Open Interest Volume is at 19.5 lakh with addition of 0.72 lakh, with fall in Cost of Carry suggesting short positions were added today. Bank nifty closed below Rollover cost ,19803  Do you know your Risk of Ruin in trading ?
  • 20000 CE is having highest OI @5.1 resistance at 20000. 19000-21000 CE saw 3.8  lakh addition in OI so bears added aggressively in 20000-20500 CE
  • 19000 PE is having highest OI @3.5 Lakh, strong support at 19000 followed by 18500, Bulls added 1.9 Lakh in OI in 18500-20500 PE  bulls held to 19000 level and added at lower range of 18700-18900 range.

Buy above 19570 Tgt 19650,19780 and 19870 (Bank Nifty Spot Levels)

Sell below 19400 Tgt 19350,19210 and 19100 (Bank Nifty Spot Levels)

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  1. Karthik said:

    Oh ok. thank you Bramesh.

    October 3, 2016
  2. Bramesh said:

    Thanks corrected..

    October 3, 2016
  3. Bramesh said:

    thanks a lot !!

    October 3, 2016
  4. Bramesh said:

    They are correct…

    October 3, 2016
  5. Karthik said:

    Bro, bank nifty levels seem to be incorrect? Compared to the previous day’s closing index, the buy/sell levels do not fit.

    October 3, 2016
  6. Rishabh Garg said:

    Amazing analysis, i’m your fan

    October 3, 2016
  7. ankit shukla said:

    Sir please correct ‘Any close below 19000 will see fast move towards 19800/19500″

    October 2, 2016
  8. jagdish said:

    1000 point low…only mark my word…

    October 1, 2016
  9. Bramesh said:

    After 25 Oct we can see 1000 point move..

    October 1, 2016
  10. biji said:

    Sir 1000 point move on 25th october .cant get it .pls clarify .thanks n god bless

    October 1, 2016

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