- Bank nifty continued with its fall and broke 15150 level in the process. Bank Nifty has now corrected 2111 points in 11 trading days fall can continue till 14862 where gann green arc lies and in worst case scenario can get extended till 14338. Market is going against me, but unable to cut my loses
- Bank Nifty January Future Open Interest Volume is at 29.4 lakh with LIQUIDATION of 0.25 Lakh with increase in Cost of Carry suggesting SHORT positions were CLOSED today .Bank Nifty rollover cost coming @ 16957 and corrected heavily one started trading below Rollover Price.How To Identify Market Tops and Bottom
- 16000 CE is having highest OI @8.5 Lakh strong resistance formation @16000. 15500 CE saw 1.1 addition by bears is next line of resistance.16000-17000 CE added 4.4 Lakh in OI, aggressive addition shown by bears,in 15000 CE.
- 15000 PE is having highest OI @4.7 lakh, strong support at 15000 and before that 14500 .14500-15500 PE saw no addition so bulls adding below 15000/14500 where we can see potential bounceback.
Buy above 15100 Tgt 15190,15270 and 15396 (Bank Nifty Spot Levels)
Sell below 14880 Tgt 14800,14720 and 14585 (Bank Nifty Spot Levels)
Click Here to Like Facebook Page get Real time updates