Bank Nifty bear does 25050 below 25200,EOD Analysis

By | April 18, 2018
  • As Discussed in Last Analysis Bank Nifty does 25400 holding 25250 and heading towards the higher target of 25488/25555/25632. Bearish below 25200 for a move back towards 25050/24980. Bank Nifty bears got active below 25200 and did the target of 25050 as low made was 25058. Tomorrow is important time cycle date. Bullish above 25200 for a move back towards 25333/25411. Bearish below 25050 for a move back towards 24970/24890.   Bank Important intraday time for reversal can be at 11:02/ 2:15 .  Trading Resolution for Financial Year 2018-19

  • Bank Nifty April Future Open Interest Volume is at 18.1 lakh with liquidation of 0.91 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @24358  closed above it and rallied 1000 points.
  • 25500 CE is having highest OI @4.8 Lakh resistance at 25500 followed 25700.24000-26000 CE added 4.5 lakh in OI so bears added  position at higher level.

 

  • 24500 PE is having highest OI @8.6 Lakh, strong support at 25000 followed by 24800.24000-26000 PE  added 1.7  lakh in OI so bulls made strong support in range of 24600-24800.

 

Buy above 25130 Tgt 25200,25333 and 25444 (Bank Nifty Spot Levels)

Sell below 25050 Tgt 24970,25850 and 25630 (Bank Nifty Spot Levels)

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