Bank Nifty does 21700 on Expiry Day,EOD Analysis

  • As discussed in Last Analysis  Bank Nifty did 21400 today as we have been expecting in our last analysis. Now as soon as it move above 21420 it will enter in gann angle which can open the rise till 21600-21651. Bearish below 21340 for a move till 21220/21110.  High made today was 21696 so bank nifty so bank nifty did our target in single session. Now if we close above 21700 we can see next move towards 21797 which is an important resistance zone and above it fast move towards 22000-22100. Bearish below 21500 for a move towards 21400/21350. We were able to capture a 800 pointer from 20870, When price and time meets it creates a fast move thats where gann helps us in keeping ahead of the curve. Self Control and Discipline in Trading

  • Bank Nifty April Future Open Interest Volume is at 25.8 lakh with addition of 8.7 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @21316, closed above it and Rollvoer % at 65.2

Buy above 21650 Tgt 21700,21767 and 21840 (Bank Nifty Spot Levels)

Sell below 21510 Tgt 21410,21330 and 21220 (Bank Nifty Spot Levels)

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