Bank Nifty EOD Analysis for 22 Oct Trade

By | October 20, 2018

 

 

  • Bank Nifty Oct Future Open Interest Volume is at 14.4 lakh with addition of 1.9 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @25319 closed above it.
  • 25500 CE is having highest OI @9.2 Lakh resistance at 25500  followed 25800.  24000-27000 CE added 15.3 Lakh in OI so bears added in range 25500-26000 CE.
  • 24500 PE is having highest OI @7.5 Lakh, strong support at 24800 followed by 24500.24000-26000 PE added 1 lakh OI so bulls making support at 24800-25000 range.

 

 

Buy above 25125 Tgt 25225,25320 and 25450 (Bank Nifty Spot Levels)

Sell below 25000 Tgt 24920,24784 and 24600 (Bank Nifty Spot Levels)

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One thought on “Bank Nifty EOD Analysis for 22 Oct Trade

  1. shanmuga santhosh

    Ramesh Sir can u briefly explain bank nifty max pain strategy. When and where to sell options. Thanks for providing lot of valuable technical and fundamental information in this site.

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