Bank Nifty EOD Analysis for 14 Nov

By | November 13, 2017
  • As discussed in Last Analysis  Bank Nifty did not break 25150 and did the target of 25500 today, and now holding 25250 we can move towards 25800, Good trending move was seen today and till we are holding 25250 we are heading higher to 25800/26000. Bearish below 25150 for a move towards 25000/24800. Low made today was 25337 so bulls were able to protect the gann angle support as shown below , Range of 25250-70 should be held by bulls on closing basis for up move towards 25500/25700. Bearish below 25150 for a for a move towards 25000/24800.    Who are you Trader and Gambler ?

  • Bank Nifty Nov Future Open Interest Volume is at 23.7 lakh with addition of 0.06 Lakh, with increase in Cost of Carry suggesting Long positions were added today. Bank nifty Rollover cost @24786,closed above it.
  • 25500 CE is having highest OI @5.7 Lakh resistance at 25500 followed 26000.24500-26500 CE added 0.24 lakh in OI so bears added position as bank nifty continue to hold 25150.

 

  • 25000 PE is having highest OI @16.9 Lakh, strong support at 25000 followed by 24800.24500-26500 PE added 0.67 lakh in OI so bulls used fall to add more position.

 

Buy above 25440 Tgt 25530,25650 and 25720 (Bank Nifty Spot Levels)

Sell below 25330 Tgt 25260,25170 and 25080 (Bank Nifty Spot Levels)

Leave a Reply