Bank Nifty complete move from one gann angle to another,EOD Analysis

  • As Discussed in Last Analysis  25287 done till we are holding 25100 we can rally towards 25490/25698.  Bearish below 25050 for a move back to 24920/24784/24656. All Bullish target done with price moving a perfectly from 1 gann angle to another gann angle and extended target on twitter also done. Bank Nifty Bulls now need a close above 25730 for the move towards 25850/25930/26001. Bearish below 25500 for a move back to 25250/25100. Important intraday time for reversal can be at 10:30/12:20/2:05. Nifty Astrological Analysis

 

 

  • Bank Nifty Nov Future Open Interest Volume is at 16.7 lakh with addition of 1.83 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @25131 rollover closed above it rallied 800 points .
  • 25500 CE is having highest OI @5.77 Lakh resistance at 25500  followed 26000.  24000-27000 CE added 3.3 Lakh in OI so bears added in range 25300-25500 CE.
  • 25000 PE is having highest OI @6.4 Lakh, strong support at 25000 followed by 24800.24000-26000 PE added 2.7  lakh OI so bulls continue to add in range of 24800-25000.

 

 

Buy above 25721 Tgt 25800,25872 and 25600 (Bank Nifty Spot Levels)

Sell below 25610 Tgt 25500,25420 and 25320 (Bank Nifty Spot Levels)

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