Bank Nifty rally 350 points as astrological cycle shows effect

  • As Discussed in Last Analysis   Bank Nifty Bulls got stopped out, Bears almost did our target of 24658. Now bears need to break 24784 for a move back to 24658/24450. Bullish above 24920 for a move back to 25080/25287. Expect a good move tomorrow as per astrological cycle. Bank Nifty gave the big move as per astrological cycle and also did the target of 25080 and now waiting for 25287 and extended target of 25490/25698. Bearish below 25050 for a move back to 24920/24784/24656. Important intraday time for reversal can be at 10:32/1:50. Nifty Astrological Analysis

 

 

  • Bank Nifty Nov Future Open Interest Volume is at 16 lakh with addition of 0.27 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @25131 rollover closed below it.
  • 25500 CE is having highest OI @4 Lakh resistance at 25500  followed 26000.  24000-27000 CE added 2 Lakh in OI so bears added in range 25300-25500 CE.
  • 24500 PE is having highest OI @5.1 Lakh, strong support at 24500 followed by 24300.24000-26000 PE added 2.3  lakh OI so bulls continue to add in range of 24500-24700.

 

 

Buy above 25201 Tgt 25300,25393 and 25500 (Bank Nifty Spot Levels)

Sell below 25080 Tgt 25000,24920 and 24784 (Bank Nifty Spot Levels)

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