Bank Nifty Nov Expiry Analysis

By | November 28, 2018
  • As Discussed in Last Analysis  High made today was 26491 so we did another target of 26496 above 26100 now waiting for target of 26640/26784/26850.Bearish below 26250 for a move back to 26100/25920. High made today was 26584 and we continue to trade higher as tommrow is important time cycle date good move should be seen in Bank Nifty in next 2 days. Bullish till we are holding 26320 for the upmove to continue towards 26640/26784/26850.Bearish below 26300 for a move back to 26100/25920.  Important intraday time for reversal can be at 1:27/2:40. Not able to pull the trigger in Trading

 

 

  • Bank Nifty Nov Future Open Interest Volume is at 11.8 lakh with liquidation of 1.2  Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @25131 rollover closed above it rallied 800 points .
  • 26500 CE is having highest OI @9.5 Lakh resistance at 26500  followed 26800.  24000-27000 CE added 3.8 Lakh in OI so bears added in range 26500-26800 CE making strong resistance in this zone.
  • 26000 PE is having highest OI @9.1 Lakh, strong support at 26000 followed by 25800.24000-26000 PE liquidated 0.95 Lakh OI so bulls will do expiry above 26300.

 

 

Buy above 26500 Tgt 26570,26666 and 26733 (Bank Nifty Spot Levels)

Sell below 26400 Tgt 26320,26225 and 26100 (Bank Nifty Spot Levels)

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4 thoughts on “Bank Nifty Nov Expiry Analysis

  1. Naga

    great upside move but bit confused about the reversal timings..I had some put options but dint see any reversal.Guide me to understand it better.

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