- As discussed in Last analysis Bank Nifty opened gap down made high of 19725 and bears became active below 19700 and did target of 19500 and close below 19500 suggesting we can move towards 19300/19000. Low made today 19252 so 19300 also done,today low is near gann angle suggesting we can see upmove till 19700 and if sustained can see move till 20K, again not able to cross 19700 we can see fall till 19000 in next round of correction. Fatal Flaws of Trading
- Bank Nifty November Future Open Interest Volume is at 17.9 lakh with addition of 56 lakh, with rise in Cost of Carry suggesting longpositions were added today. Bank nifty rollover % at 66.7 rollover cost is coming 19750. Do you know your Risk of Ruin in trading ?
Buy above 19550 Tgt 19620,19725 and 19840 (Bank Nifty Spot Levels)
Sell below 19430 Tgt 19330,19150 and 19030 (Bank Nifty Spot Levels)
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