Nifty Bank Crashes on Astro Date

  • As discussed in last analysis  As today is important Astro date as discussed in below video,today high and low break will lead to next 500-750 points in Bank Nifty. Bulls will get active above 22250 for a move back to 22500/22650/22900. Bears will get active below 21970 for a move back to 21800/21640/21400. High made was 21910 so bears below 21970 all target were done and Astro date worked perfectly.We are near a very important level of 21304-21316 and also near important gann angle suggesting price time squaring can be seen. Bulls will get active above 21610 for a move back to 21800/22000/22195. Bears will get active below 21170 for a move back to 20940/20720/20500

  • Bank Nifty July Future Open Interest Volume is at 16.2 lakh with liquidation of 1.2 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @21720 closed below it.
  • 22000 CE is having highest OI @10 Lakh resistance at 22000 followed 22300.20000-23000 CE added 24 Lakh in OI so bears added position in the zone of 22000-23000.
  • 21000 PE is having highest OI @11 Lakh, strong support at 21000 followed by 21200.20000-23000 PE added 4 Lakh OI so bulls making support in the range of 21800-22000.

Buy Above 21450 Tgt 21566,21700 and 21900 (Bank Nifty Spot Levels)

Sell Below 21300 Tgt 21150,21000 and  20820 (Bank Nifty Spot Levels)

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