Bank Nifty Astro Analysis as Sun Conjunct Mercury

  • As discussed in last analysis We are seeing a range contraction also tommrow very important Astro date suggesting big move round the corner. Till we are below 21450 bears can push towards 21170/20940/20720. Bulls will get active above 21500 for a move back to 21720/21870/22100.Bank Nifty opened with gap up but unable to do 21720 above 21500 and again closed below 21450.As discussed in below video Bears will active below 21200 for a move towards 21000/20732. Bulls will get active above 21500 for a move back to 21650/21840/22000.

  • Bank Nifty July Future Open Interest Volume is at 12.5  lakh with addition of 1 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @21720 closed below it.
  • 22000 CE is having highest OI @7.3 Lakh resistance at 21600 followed 22000.20000-23000 CE added 10.4 Lakh in OI so bears added position in the zone of 21500-22000.
  • 20500 PE is having highest OI @5 Lakh, strong support at 21000 followed by 20500.20000-23000 PE added 2.2 Lakh OI so bulls making support in the range of 21000-20500.

Buy Above 21430 Tgt 21525,21688 and 21900 (Bank Nifty Spot Levels)

Sell Below 21300 Tgt 21180,21000 and  20800 (Bank Nifty Spot Levels)

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