Bank Nifty on 13 June as per Neural Analysis

By | June 13, 2019 9:07 pm
  • As Discussed in Last Analysis As Today was an important time cycle date and we are seeing range contraction in index we are bound to see a good move in Bank Nifty. Bulls will now get active above 31000 for a move back to 31155/31352. Bears will get active below 30900 for a move back to 30735/30560. As per Neural Analysis video we saw perfect bounce in Bank nifty. Bulls will now get active above 31000 for a move back to 31155/31352. Bears will get active below 30900 for a move back to 30735/30560.   Why Traders Lose Discipline

  • Bank Nifty June Future Open Interest Volume is at 17.5 lakh with liquidation of 2 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @31540 closed below it.
  • 31500 CE is having highest OI @2.8 Lakh resistance at 31500  followed 31800.  30000-32000 CE added 0.30 Lakh in OI so bears added in the zone of 31500-31800.
  • 30500 PE is having highest OI @3 Lakh, strong support at 30800 followed by 30500.30000-32000 PE added 0.65 Lakh OI so bulls making strong support in the range of 30500-30800.

Buy above 31000 Tgt 31087,31175 and  31263  (Bank Nifty Spot Levels)

Sell below 30900 Tgt 30823,30735 and 30647  (Bank Nifty Spot Levels)

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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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