Bank Nifty continue to hold 24920,EOD Analysis

By | October 23, 2018
  • As Discussed in Last Analysis    As tomorrow is very crucial time cycle date Bears need to break 24920 for fresh down move to happen towards 24784/24656/24500. Bullish above 25200 for a move back to 25344/25488. Bank Nifty opened with gap down near our target of 24784, Bears need to break 24920 for fresh down move to happen towards 24784/24656/24500. Bullish above 25200 for a move back to 25344/25488.Important intraday time for reversal can be at 9:57/1:17/2:33. DivA Software for Fundamental Analysis for All Companies of BSE and NSE

 

 

  • Bank Nifty Nov Future Open Interest Volume is at 6.1 lakh with addition of 1.9 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @25319 closed above it.
  • 25500 CE is having highest OI @10.8 Lakh resistance at 25500  followed 25800.  24000-27000 CE added 5.6  Lakh in OI so bears added in range 25500-26000 CE.
  • 24500 PE is having highest OI @8.6Lakh, strong support at 24800 followed by 24500.24000-26000 PE added 3.7 lakh OI so bulls making support at 24800-25000 range.

 

 

Buy above 25000 Tgt 25125,25225 and 25350 (Bank Nifty Spot Levels)

Sell below 24920 Tgt 24800,24700 and 24620 (Bank Nifty Spot Levels)

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