- Bank Nifty continue to trade near the gann angle and in range of 18200-18700, this range should get broken once the RBI Credit Policy will be declared on 07 Dec. Traders should watch for break of 18700 on upside for a target of 19000/19300. Bears will get active below 18150 for a move towards 17800/17750. In Between choppy move will continue in range of 18200-18700. RBI Policy will be declared tomorrow at 2:30 PM Why Traders are unable to Follow Your Trading Plan
- Bank Nifty Dec Future Open Interest Volume is at 20.4 lakh with liquidation of 0.08 lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty rollover @60.4 and Rollover cost @18580 closed below it.
- 19000 CE is having highest OI @5.2 Lakh resistance at 19000. 18000-20000 CE saw addition of 0.54 lakh in OI so bears added in 19500 CE.
- 18000 PE is having highest OI @ 7.7 Lakh, strong support at 18000 followed by 17500, Bulls added 0.27 Lakh in OI in range of 17500-20000 PE
Buy above 18500 Tgt 18560,18625 and 18750 (Bank Nifty Spot Levels)
Sell below 18400 Tgt 18350,18280 and 18200(Bank Nifty Spot Levels)
Click Here to Like Facebook Page get Real time updates
Click Here to Join me on Twitter