BANK NIFTY Analysis for 19 Feb

  • As discussed in Last Analysis  Now As we have Weekly expiry combined with astro date so should see good move in bank nifty.Bulls will get active below 36960 for a move back to 37050/37225/37343. Bears below 36943 for a move back to 36729,36610 36525. All Bearish target done on downside and we saw the effect of astro date as we have discussed in below video. Now Bears need to break 36360 for a fall till 36100/35889/35428. Bulls need to move above 36750 for a move back to 36900/37100/37300.

  • Bank Nifty Feb  Future Open Interest Volume is at 15.6 lakh with addition of 0.31 Lakh, with decrease in Cost of Carry suggesting SHORT positions were added today. Bank nifty Rollover cost @30980 closed above it.
  • 37000 CE is having highest OI @12.1 Lakh resistance at 37000 followed 37500.36000-38000 CE added 19 Lakh in OI so bears added position in the zone of 37000-37500.
  • 36000 PE is having highest OI @12 Lakh, strong support at 36000 followed by 35500 .35000-37000 PE added 12 Lakh OI so bulls making support in the range of 35500-36000.

Buy Above 36640 Tgt 36738,36888 and 37008 (Bank Nifty Spot Levels)

Sell Below 36480 Tgt 36343,36225 and 36100  (Bank Nifty Spot Levels)

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