Bank Nifty Jan Expiry Analysis

By | December 27, 2018 11:56 pm
  • As Discussed in Last Analysis   As we have expiry tomorrow Bulls need a close above 27071 for a move towards 27225/27360. Bearish below 26920 for a move towards 26800/26666. We gave levels on Twitter which worked perfectly also closed below 26920 so we can see fall towards 26800/26666. Bullish above 27000 for a move towards 27071/27225. 29 Dec Is very Important time cycle date as discussed in below video so we can see effect either tomorrow or Monday.  Important intraday time for reversal can be at 11:18/2:03.  How to Deal With Fear in Trading

  • Bank Nifty Jan Future Open Interest Volume is at 11.2 lakh with addition of 3.8 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @27033 closed below it.

Buy above 26820 Tgt 26940,27071 and 27225 (Bank Nifty Spot Levels)

Sell below 26720 Tgt 26635,26500 and 26390 (Bank Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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