BANK NIFTY Analysis for 26 Feb

By | February 25, 2021 8:45 pm
  • As discussed in Last Analysis  As we have expiry tommrow Till Bulls are holding 36342 price can rally towards 36683/37025. Bears below 36230 can see quick fall towards 36030,35843,35666. We have monthly close tommrow bank nifty rallied 20 % in Feb Month so bulls will like the end the month on higher note, so Till Bulls are holding 36500 price can rally towards 36653/36863/36999. Bears below 36270 can see quick fall towards 36050/35849/35600. Tommrow we have very Important Astro Date.

  • Bank Nifty March Future Open Interest Volume is at 13.4 lakh with addition of 3.6 Lakh, with increase in Cost of Carry suggesting LONG positions were added today. Bank nifty Rollover cost @35984 closed above it.
  • 36800 CE is having highest OI @18.3 Lakh resistance at 36800 followed 37000.35000-37000 CE added 17.9 Lakh in OI so bears added position in the zone of 37000-37500.
  • 35500 PE is having highest OI @18 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 36654 Tgt 36758,36863 and 36999 (Bank Nifty Spot Levels)

Sell Below 36490 Tgt 36323,36125 and 36020 (Bank Nifty Spot Levels)

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