Bank Nifty EOD Analysis for 13 Nov

  • As discussed in Last Analysis  Bulls now need to move above 30800 for a move to continue towards 31100/31333/31555. Bears will get active below 30450 for a move back to 30240/30000.11 Very Important time cycle date. 31200 done once we are above 30800, Now Bulls need to hold 30900-30950 range for upmove to continue towards 31333/31555/31800. Bears will get active below 30900 for a move back to 30750/30500.

  • Bank Nifty Nov Future Open Interest Volume is at 18.9 lakh with addition of 2 Lakh, with increase in Cost of Carry suggesting long  positions were added today. Bank nifty Rollover cost @29919  closed above it.
  • 31500 CE is having highest OI @3.98  Lakh resistance at 31500  followed 31800.30000-32000 CE added 2.7 Lakh in OI so bears added position in the zone of 31500-31800.
  • 30500 PE is having highest OI @3.3 Lakh, strong support at 30500 followed by 30300.30000-31000 PE added 16.5  Lakh OI so bulls making support in the range of 30500-30800.

Buy above 31203 Tgt 31291,31380 and  31468  (Bank Nifty Spot Levels)

Sell below 30930 Tgt 30800,30675 and 30500 (Bank Nifty Spot Levels)

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