Bank Nifty form Inside Bar on Astro Date

By | December 8, 2020 8:05 pm
  • As Discussed in Last Analysis As discussed in below video today high and low are very important for move till 09 Dec, Bulls need to move above 30360 for a move back to 30555,30800,31000. Bears below 30150 for a move back to 30000,29768,29586. Bulls did 30363 so unable to sustain above 30360 and bears did the 1 target on downside, Now today Sun and Moon are making aspect in Helio also we have formed an NR7 range today suggesting big move will be seen in next 2 trading sessions. Bulls need to move above 30370 for a move back to 30555,30800,31000. Bears below 30180 for a move back to 30030/29888/29749.

  • Bank Nifty Nov Future Open Interest Volume is at 16.7 lakh with liquidation of 0.53 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @29413 closed above it.
  • 30500 CE is having highest OI @12.8 Lakh resistance at 30500 followed 31000.29000-31000 CE added 22 Lakh in OI so bears added position in the zone of 30500-31000.
  • 29000 PE is having highest OI @18.6 Lakh, strong support at 29000 followed by 28700.28000-30000 PE added 19 Lakh OI so bulls making support in the range of 29300-29500.

Buy Above 30300 Tgt 30410,30555 and 30743 (Bank Nifty Spot Levels)

Sell Below 30180 Tgt 30070,29900 and 29750 (Bank Nifty Spot Levels)

Category: astro bank nifty technicals

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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