Bank Nifty Analysis as Mercury and Venus goes Ingress

  • Bank Nifty again bounced from Gann Angle and is again trading with in the 2 gann angles as shown in below chart. As tommrow is very important Astro Date suggesting another big move will  be seen in next 2 trading sessions. Bulls need to move above 24900 for a move back to 25078/25200/25386. Bears below 24610 will be back to 24500/24366/24225/24100.

  • Bank Nifty Nov Future Open Interest Volume is at 8.6 lakh with addition of 4.4 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @21225 closed above it.
  • 25000 CE is having highest OI @30 Lakh resistance at 25000 followed 25200.23000-25000 CE added 12 Lakh in OI so bears added position in the zone of 24800-25000
  • 24300 PE is having highest OI @28 Lakh, strong support at 24300 followed by 24000.23000-25000 PE added 15 Lakh OI so bulls making support in the range of 24000-24200.

Buy Above 24900 Tgt 25000,25150 and 25300 (Bank Nifty Spot Levels)

Sell Below 24610 Tgt 24500,24370 and 24200 (Bank Nifty Spot Levels)

2 thoughts on “Bank Nifty Analysis as Mercury and Venus goes Ingress”

  1. Bramesh,The audio volume needs to be increased for the above youtube explanation . The sound output needs to be increased .
    Thanks
    Anand

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