- As discussed in Last Analysis As seen in below chart still holding the gann trendline suggesting if held again can see move towards 18000/18165/18250. Holding below 17920 can see fast move towards 17800/17600/17420. Bank Nifty gave the rally above 18000 for a move till 18165, High made today was 8164 exactly near our target of 18165. Now for tomorrow close above 18165 next move will be above 18275/18400, Bearish below 18000 for a move towards 17830/17600. Traders New Year’s Resolutions for 2017
- Bank Nifty Jan Future Open Interest Volume is at 20.8 lakh with liquidation of 2.3 lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty rollover @66.9 and Rollover cost @17905 closed above it.
- 18500 CE is having highest OI @7.1 Lakh resistance at 18500. 17500-19500 CE saw addition of 2.5 lakh in OI so bears added in 19000 CE suggesting 18500 could be broken if bank nifty sustain above 18250.
- 18000 PE is having highest OI @ 6.7 Lakh, strong support at 18000 followed by 17500, Bulls added 1.6 Lakh in OI in range of 17500-19500 PE.
Buy above 18180 Tgt 18250,18350 and 18450 (Bank Nifty Spot Levels)
Sell below 18060 Tgt 18000,17900 and 17820(Bank Nifty Spot Levels)
Click Here to Like Facebook Page get Real time updates
Click Here to Join me on Twitter