Bank Nifty EOD Analysis

  • As discussing in past analysis Bank Nifty made high of 18880, so once 18750 is crossed we saw a quick move towards 18898. Close above 18898 can see another quick move towards 18969/19103, traders should trail longs with strict stop loss of 18750,Weekly close above 18768 can see fast move towards 19230. Nifty made high of  19016, till we are holding 18768 we can see move till 19103/19230, Bearish only close below 18700. Trading Lesson Learnt From my Trading Guru

bank nifty breakout


  • Bank Nifty July Future Open Interest Volume is at 23.9 lakh with addition of .42 lakh, with increase in Cost of Carry suggesting Long positions were added today. Bank nifty Rollover is 75 % Rollover cost is coming at 17722  Do you know your Risk of Ruin in trading ?
  • 19000 CE is having highest OI @4 Lakh resistance formation @19000. 17000-19000 CE saw 0.47 lakh liquidation in OI so bears have started squaring off their position.
  • 18000 PE is having highest OI @5.4 Lakh, strong support at 18000 followed by 17500, Bulls added  1.5 Lakh in OI in 17000-19000 PE aggressive addition in 18500 PE.

Buy above 19060 Tgt 19130,19200 and 19260 (Bank Nifty Spot Levels)

Sell below 18900 Tgt 18820,18750 and 18670 (Bank Nifty Spot Levels)

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5 thoughts on “Bank Nifty EOD Analysis”

  1. Some hiccups expected in Bank nifty upside since you have Monthly high of 19104 & Quarterly highs of 19038 & 19229 (spot lvls). Needs some breather to pole vault these two lvls. Let us see how Bank nifty tackles this. But overall picuture remains bullish only with an upside targets of 20885/25542

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