Will Bank Nifty rally holding vedic number 27000 ?

By | September 17, 2019
    • As Discussed in Last Analysis  Bank Nifty Bull need to move above 27940 for a move back to 28100/28189/28273. Bears will get active below 27790 for a move back to 27630/27465. Bears were on roll and we saw big fall as discussed in neural 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 Sep Future Open Interest Volume is at 15.2 lakh with addition of 0.14 Lakh, with increase in Cost of Carry suggesting long positions were added 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 27212  Tgt 27295,27377 and  27460 (Bank Nifty Spot Levels)

Sell below 27047 Tgt 26965,26883 and 26801 (Bank Nifty Spot Levels)

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