Bank Nifty Analysis for Jan Series

By | December 28, 2017
  • As Discussed in Last Analysis Bank Nifty bulls need to protected 25448 for up move towards 25611/25770. Bearish below 25400 for a move towards 25250/25060. Bank Nifty bulls were able to protect 25448 on expiry day, Low made was 25419 so bears were unable to break 25400. 31 is important time cycle date for this year effect should be seen either tommrow or 02 Jan. Bulls need a close above 25510 for a move towards 25770/25920. Bearish below 25400 for a move towards 25250/25101/25450.  A Stock Traders Story– Why Aren’t We Rich Daddy?

  • Bank Nifty Jan Future Open Interest Volume is at 12.6 lakh with addition of 4.7 Lakh, with decrease in Cost of Carry suggesting Long positions were closed today. Bank nifty Rollover cost @25671, closed below it Rollover % at 73 highest in last 3 months.

Buy above 25510 Tgt 25560,25630 and 25720 (Bank Nifty Spot Levels)

Sell below 25470 Tgt 25420,25350 and 25260 (Bank Nifty Spot Levels)

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