Bank Nifty crashes below Gann Number of 27000

By | March 10, 2020
  • 27000 was an important gann number and break of same saw a big fall in bank nifty towards 26000. Now if we break 26280 bears can fall further till 25920/25560/25200. Bulls have there chances above 26640 for a move back to 26800/27000.

  • Bank Nifty March Future Open Interest Volume is at 12.6  lakh with addition of 1.2 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @30428 closed below it.
  • 26500 CE is having highest OI @15  Lakh resistance at 26000  followed 26500.25000-27000 CE added 21  Lakh in OI so bears added position in the zone of 26000-27000
  • 25000 PE is having highest OI @3Lakh, strong support at 25500 followed by 25000.25000-27000 PE added 16 Lakh OI so bulls making support in the range of 25500-25100..

Buy above 26510 Tgt 26666,26800 and  27001 (Bank Nifty Spot Levels)

Sell below 26300 Tgt 26100,25900 and 25666 (Bank Nifty Spot Levels)

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