Bank Nifty continue to struggles in Gann Arc,EOD Analysis

gann arc support

  • Bank Nifty April Future Open Interest Volume is at 17.8  lakh with addition of 0.76 lakh, with increase in Cost of Carry suggesting long positions were added today.Rollover cost @16000, Bank nifty closed below it and rewarded by 400 points How To Identify Market Tops and Bottom
  • 16500 CE is having highest OI @7.5 Lakh resistance formation @16500. 15000-16900 CE added 2.5 lakh so bear making wall on resistance near 16000-16100 as Bank Nifty closed below the supply zone of 16000.
  • 15000 PE is having highest OI @5.3 Lakh, strong support at 15000 followed by 15500, Bulls added 1.1 Lakh in OI in 15000-17000 PE as bank nifty closed below the demand zone of 15700 so bulls not adding aggressively.

Buy above 15580 Tgt 15680,15750 and 15850 (Bank Nifty Spot Levels)

Sell below 15500 Tgt 15410,15350 and 15200 (Bank Nifty Spot Levels)

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4 thoughts on “Bank Nifty continue to struggles in Gann Arc,EOD Analysis”

  1. Dear Sir,

    Rollover price is calculated in last week of expiry and is valid through out the april series.


  2. Bramesh ji

    2 days before you have mentioned Banknifty has closed below the rollover cost 16000?…what does it mean…closing below rollover is a negative sign?…& will the rollover change daily. ..


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