Bank Nifty ready for Big move,EOD Analysis

  • As Discussed in Last Analysis  As we have expiry tomorrow Bullish above 25125 for a move back to 25225.25344/25488. Bears need to break 25000 for fresh down move to happen towards 24920/24784/24656/24500. We have completed the move from one gann angle to another, Also we have very important time cycle on 28 Oct so we can have a good move either tomorrow or on Monday.Bullish above 24920 for a move back to 25056/25200/25344. Bearish below 24768 for a move back to 24624/24480. Important intraday time for reversal can be at 10:09/11:38/2:15. DivA Software for Fundamental Analysis for All Companies of BSE and NSE

 

 

  • Bank Nifty Nov Future Open Interest Volume is at 16.6 lakh with addition of 6.7 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @25131 rollover %@ 77 closed below it.
  • 25500 CE is having highest OI @3.5 Lakh resistance at 25500  followed 26000.  24000-27000 CE added 3.6  Lakh in OI so bears added in range 25500-26000 CE.
  • 24500 PE is having highest OI @3.7 Lakh, strong support at 24800 followed by 24500.24000-26000 PE added 4.6  lakh OI so bulls making support at 24800-25000 range.

 

 

Buy above 24850 Tgt 24920,25000 and 25125 (Bank Nifty Spot Levels)

Sell below 24784 Tgt 24700,24610 and 25500 (Bank Nifty Spot Levels)

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