- As discussed in Last Analysis Bank Nifty finally broke 20750 and made low of 20585, till we trade below 20750 we can see move towards 20500/20300 where the support lies as seen in below chart. Bullish only on close above 20800 for a move towards 21000/212000. Bank Nifty continued to trade below 20750, made low of 20560 still did not meet our target of 20500.Bullish only on close above 20800 for a move towards 21000/21200. How to Learn from Trading Loss
- Bank Nifty March Future Open Interest Volume is at 26.4 lakh with liquidation of 0.67, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @20877, High made was 20879 and saw 200 point correction.
- 21000 CE is having highest OI @5.7 Lakh resistance at 20800 followed by 21000. 19000-21000 CE saw addition of 0.90 lakh in OI.
- 20000 PE is having highest OI @5.1 Lakh, strong support at 20500 followed by 20300, Bulls added 0.80 Lakh in OI in range of 19000-21000.
Buy above 20620 Tgt 20670,20750 and 20800 (Bank Nifty Spot Levels)
Sell below 20550 Tgt 20480,20400 and 20280 (Bank Nifty Spot Levels)
Click Here to Like Facebook Page get Real time updates
Click Here to Join me on Twitter