- Bank Nifty closed above 14251 made high of 14395 and still pending towards the move till 14524, Weekly close above 14251 is bullish signal for short term. Close below 14251 will again increase probability of move towards 13890/13810, As per time analysis we should see big move in next 2 days. How Reaction vs. Response can change your trading
- Bank Nifty February Future Open Interest Volume is at 22.3 lakh with liquidation of 2 Lakh with decrease in Cost of Carry suggesting short positions were closed today .Bank Nifty again gave 1500 points move below rollover cost @ 15441. How To Identify Market Tops and Bottom
- 15000 CE is having highest OI @9 Lakh strong resistance formation @15000. 14500/15000 CE saw 3.7 Lakh addition aggressive position build by bears above 14500, any break 14500 can see good spike in market.14000-15000 CE added 3.5 Lakh.
- 14000 PE is having highest OI @5.1 lakh, strong support at 14000, Bears added aggressively in 14100/14300 PE.13500-14500 PE saw 2.3 lakh addition as Bank nifty closed above 14251
Buy above 14425 Tgt 14501,14612 and 14724 (Bank Nifty Spot Levels)
Sell below 14300 Tgt 14240,14150 and 14050 (Bank Nifty Spot Levels)
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