Bank Nifty Weekly Expiry Analysis

By | September 19, 2019
  • As Discussed in Last Analysis   Now we can see relief rally in market till we are holding 27000 as its important vedic number and 19 being again an important astro date so above 27300 bank nifty will again rally towards 27570/27840/28100. Bears have there chances only below 27000 for a move back to 27680/26530. Bank Nifty formed an Inside bar candel as today being expiry expect voaltile move in Bank Nifty. Bank Nifty Bulls will get active above 27300 for a move back to 27570/27840/28100. Bears have there chances only below 27000 for a move back to 27680/26530.

  • Bank Nifty Sep Future Open Interest Volume is at 14.8 lakh with liquidation of 0.44 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @27807 closed above it.
  • 29000 CE is having highest OI @3.5 Lakh resistance at 28500  followed 29000. 27000-30000 CE added 5.3 Lakh in OI so bears added position in the zone of 28000-28300.
  • 27000 PE is having highest OI @5.1 Lakh, strong support at 27000 followed by 26800.27000-30000 PE added 0.18 Lakh OI so bulls making support in the range of 27000-27200.

Buy above 27225  Tgt 27300,27361 and  27460 (Bank Nifty Spot Levels)

Sell below 27100 Tgt 27000,26890 and 26700 (Bank Nifty Spot Levels)

Upper End of Expiry : 27390

Lower End of Expiry : 26953

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