Nifty face resistance at gann angle

By | December 28, 2018 12:01 am
  • As Discussed in Last Analysis   As we have expiry tomorrow Bulls need a close above 10750 for a move towards 10822/10877. Bearish below 10699 for a move towards 10666/10636/10578. Nifty unable to break the gann angle resistance as in below chart, Now Bears will get active below 10725 for a move towards 10666/10610. Bulls will get active above 10810 for a move towards 10882/10940. Important intraday time for reversal can be at 10/11:28/2:28. Bank Nifty Jan Expiry Analysis

  • Nifty Jan Future Open Interest Volume is at 2.18 core with addition of 44 Lakh with  decrease in  cost of carry suggesting short position were added today, NF Rollover cost @10788 closed below  it.
  • Total Future & Option trading volume at 21.62  Lakh core with total contract traded at 1.80  lakh , PCR @0.85

Buy above 10790 Tgt 10810,10835 and 10860 (Nifty Spot Levels)

Sell below 10750 Tgt 10721,10700 and 10682(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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