Will Bank Nifty bulls be able to hold gann angle,EOD Analysis

By | February 17, 2018
  • As Discussed in Last Analysis  Bulls were able to protect 25250, Now as we have weekly close tommrow, Bulls need a close above 25510 for up move towards 25700. Bearish below 25250 for a move towards 24996/24750. Important time cycle turn dates are coming on 18-19 Feb. We saw the effect of time cycle dates saw a small correction below 25250 towards 25100. Bulls need now a close above 25250 for a move towards 25510/25750. We are also near gann angle support zone so holding 25100 and hourly close above 25250 can see fast up move. Below 25100 we can see fast down move towards 25000/24900/24760.  Important intraday time for reversal can be at 11:26/12:55  “Piano Lessons” for life




  • Bank Nifty Feb Future Open Interest Volume is at 22.3 lakh with liquidation of 0.11 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @27248, closed below it and corrected 2248 points.
  • 26000 CE is having highest OI @8.9 Lakh resistance at 25500 followed 26000.25000-27000 CE added 12.1 lakh in OI so bears added position at higher levels.
  • 25000 PE is having highest OI @7.6 Lakh, strong support at 25000 followed by 25300.25000-27000 PE  liquidated 0.83 lakh in OI still strong support at 25000-25100 .


Buy above 25200 Tgt 25288,25450 and 25601 (Bank Nifty Spot Levels)

Sell below 25100 Tgt 24976,24850 and 24700 (Bank Nifty Spot Levels)

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