Bank Nifty Weekly Expiry Analysis

By | January 22, 2019
  • As Discussed in Last Analysis   Bank Nifty Bulls were able to close above 27530 and till we are holding 27360 up move to continue towards  27656/27830/27920/28100.Bears will become active below 27360 for a move back to 27225/27100/27000. Low made today was 27385 so bulls protected 27360 till we are holding 27360 up move to continue towards  27656/27830/27920/28100.Bears will become active below 27360 for a move back to 27225/27100/27000.   Intraday time for reversal can be at 11:05/12:25/2:15. Trading Mindset of Successful Traders

  • Bank Nifty Jan Future Open Interest Volume is at 19.6 lakh with liquidation of  0.48 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @27033 closed above it.
  • 28000 CE is having highest OI @5.3 Lakh resistance at 27800  followed 28000.  26000-28000 CE added 1.8 Lakh in OI so bears added  position  in the zone of 27700-27800.
  • 27500 PE is having highest OI @7.9 Lakh, strong support at 27300 followed by 27100.26000-28000 PE added 1.5 Lakh OI so bulls making strong support in the range of 27200-27300.

Buy above 27525 Tgt 27610,27696 and 27754 (Bank Nifty Spot Levels)

Sell below 27450 Tgt 27370,27270 and 27150 (Bank Nifty Spot Levels)

Upper End of Expiry:27719

Lower End of Expiry:27244

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