Bank Nifty does time correction,EOD Analysis

By | April 25, 2016 11:49 pm

Support

  • Bank Nifty April Future Open Interest Volume is at 18 lakh with liquidation of 1 lakh, with increase in Cost of Carry suggesting short positions were closed today.Rollover cost @16000 and Bank Nifty rallied almost 700 points above it,  Do you know your Risk of Ruin in trading ?
  • 17000 CE is having highest OI @6.9 Lakh resistance formation @17000 . 16000-17000 CE added 0.22  lakh in OI.
  • 16500 PE is having highest OI @4.3 Lakh, strong support at 16500 followed by 16000, Bulls added 0.85 Lakh in OI in 16400-17000 PE as bank nifty closed above the demand zone of 16500.

Buy above 16700 Tgt 16760,16840 and 16920 (Bank Nifty Spot Levels)

Sell below 16600 Tgt 16520,16440 and 16350 (Bank Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

2 thoughts on “Bank Nifty does time correction,EOD Analysis

  1. vicky_dubai

    sir when my trading capital increases then i increase my position size…and the i ultimately loose capital…so again back to square one…plz suggest what should i do to keep my trading position size (quantity) constant…is there any way to avoid the euphoria when i am in profit…i am purely an intraday nf/bnf trader..thx in advance..

    Reply
    1. Bramesh Post author

      Why you increase your position size if you know you lose.

      Without knowing how to drive maruti you are trying to drive BMW and end result is always a disaster..

      Reply

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