- As discussed in Last Analysis Bank Nifty made low of 21551 so bulls held on to 21500 in today’s correction so we can continue the upmove towards 21850/21990 as we have weekly closing tomorrow, Friday being an holiday. Bearish below 21500 for a move towards 21400/21350. Bank Nifty continue to hold on to its gann angle suggesting bulls are holding the grip. Holding the low of 21600 BUlls can continue to see upmove towards 21800/21920/22000. Bearish on close below 21520 for a move towards 21400/21350/21230. New time cycle is starting from coming week (More Details in Weekly Analysis) so we can see good trending move in next 1-2 days. Employ your mind wisely or else it will Employ You
- Bank Nifty April Future Open Interest Volume is at 30.7 lakh with addition of 1 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @21316, closed above it and Rollover % at 65.2
- 22000 CE is having highest OI @4.8 Lakh resistance at 22000. 20500-22500 CE saw liquidation of 0.64 lakh in OI suggesting bears used the fall to cover their positions.
- 21500 PE is having highest OI @6.9 Lakh, strong support at 21300 followed by 21000, Bulls added 1.67 Lakh position in OI in range of 20500-22500 .
Buy above 21700 Tgt 21760,21820 and 21910 (Bank Nifty Spot Levels)
Sell below 21550 Tgt 21490,21380 and 21300 (Bank Nifty Spot Levels)
Click Here to Like Facebook Page get Real time updates
Click Here to Join me on Twitter