Bank Nifty bounce from Gann Angle Support

By | April 6, 2019
  • As Discussed in Last Analysis Fresh shorts should be taken below 29780 for a move towards 29639/29553. Bull will get active above 30000 for a move back 30276/30400. Bank Nifty did a bounce from 29800-29900 zone and we are waiting for 1 target of 30276/30400. Fresh shorts should be taken below 29780 for a move towards 29639/29553.

  • Bank Nifty April Future Open Interest Volume is at 19.3 lakh with liquidation of 0.26 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @29967.
  • 30500 CE is having highest OI @3.6 Lakh resistance at 30200 followed 30500.  29000-31000 CE added 0.27  Lakh in OI so bears added in the zone of 30000-30300
  • 29500 PE is having highest OI @3.3 Lakh, strong support at 29800 followed by 29600.29000-31000 PE added 1.12  Lakh OI so bulls making strong support in the range of 29600-29800.

Buy above 30150  Tgt 30222 ,30360 and  30450 (Bank Nifty Spot Levels)

Sell below 30000 Tgt 29900,29810 and 29712 (Bank Nifty Spot Levels)

Follow on Twitter:https://twitter.com/brahmesh

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ

Leave a Reply