Bank Nifty Weekly Expiry Analysis

  • As Discussed in Last Analysis  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. As discussed in below video we got th big move as per expecation. Bank Nifty low 30326 so bulls got entry at 30370 and high made 30807 hit our target of 30800 Gann and Astro Date Rocks,Now Bulls need to move above 30800 for a move back to 31040/31300/31510. Bears below 30555 can fall till 30421/30150/29950.

  • Bank Nifty Nov Future Open Interest Volume is at 17.3 lakh with addition  of 0.50 Lakh, with increase in Cost of Carry suggesting long positions were added  today. Bank nifty Rollover cost @29413 closed above it.
  • 31000 CE is having highest OI @14.8 Lakh resistance at 31000 followed 31300.29000-31000 CE added 12 Lakh in OI so bears added position in the zone of 30500-31000.
  • 30500 PE is having highest OI @18.6 Lakh, strong support at 30500 followed by 30200.29000-31000 PE added 29 Lakh OI so bulls making support in the range of 30500-30200.

Buy Above 30810 Tgt 30900,31095 and 31323 (Bank Nifty Spot Levels)

Sell Below 30660 Tgt 30567,30430 and 30200 (Bank Nifty Spot Levels)

Upper End of Expiry :31013

Lower End of Expiry :30404

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