Bank Nifty Weekly Expiry Analysis

By Bramesh | February 13, 2019
  • As Discussed in Last Analysis  We are back to 27000 our vedic number which mostly give 300-500 points move. Bulls will get active above 27100 for a move back to 27225/27360. Bears will get active below 26970 for a move towards 26900/26784/26666. Bears were able to do 26900 on downside and we corrected 250 points from 27000, Bears will have upperhand till we are below 27000 and can move towards 26784/26666. Bulls will get active above 27000 for a move back to 27100/27225/27360.
  • Bank Nifty Feb Future Open Interest Volume is at 16.4 lakh with liquidation of 0.01 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @26934 closed above it.

  • 27500 CE is having highest OI @5.6 Lakh resistance at 27300  followed 27500.  26000-28000 CE added 0.78 Lakh in OI so bears added position  in the zone of 27300-27600.
  • 27000 PE is having highest OI @6.6 Lakh, strong support at 26800 followed by 26500.26000-28000 PE added 0.59 Lakh OI so bulls making strong support in the range of 26800-26600.

Buy above 26950 Tgt 27030,27100  and 27225 (Bank Nifty Spot Levels)

Sell below 26840 Tgt 26784,26700 and 26610 (Bank Nifty Spot Levels)

Upper End of Expiry:27004

Lower End of Expiry:26563

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