Tomorrow’s Movement Prediction Forecast Nifty Bank

By | January 15, 2019 12:57 am
  • As Discussed in Last Analysis  Today’s High and Low are Important Break of any side can give easily 150-200 points, Bearish below 27360 for a move back to 27225/27100. Nifty Bears strike below 27360 and we got our target of 150 points so time cycle showed its effect, Now Bears need to close below 27225 for a move back to 27071/27000. BUlls will get active above 27300 for a move back to 27421/27555/27656. Intraday time for reversal can be at 9:46/11:13/2:12. How To NOT Blow Up Your Trading Account

  • Bank Nifty Jan Future Open Interest Volume is at 19.4 lakh with liquidation of 0.20 Lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @27033 closed above it.
  • 28000 CE is having highest OI @4.4 Lakh resistance at 27800  followed 28000.  26000-28000 CE added1.26 Lakh in OI so bears added position  in the zone of 27700-27800.
  • 27500 PE is having highest OI @8.3 Lakh, strong support at 27100 followed by 26900.26000-28000 PE added 1.6 Lakh OI so bulls making strong support in the range of 27000-27100.

Buy above 27290 Tgt 27360,27420 and 27480 (Bank Nifty Spot Levels)

Sell below 27210 Tgt 27160,27070 and 26980 (Bank Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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