BANK NIFTY crashed 1000 points as Astro Date shows Effect

  • As discussed in Last Analysis  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.  2 Bearish target done on downside and we we saw the effect of astro date as we have discussed in below video. Now Bulls need to break 36170 for move back to 36400/36522/36666. Bears will get active below 35729 for a move back to 35580/35413. Range of 35398-35413 is important support zone holding this we can see some upmove. 

  • 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 @10.3 Lakh resistance at 37000 followed 37500.36000-38000 CE added 17.9 Lakh in OI so bears added position in the zone of 37000-37500.
  • 35000 PE is having highest OI @10 Lakh, strong support at 35000 followed by 34500 .35000-37000 PE added 10 Lakh OI so bulls making support in the range of 35000-35500.

Buy Above 35940 Tgt 36050,36170 and 36300 (Bank Nifty Spot Levels)

Sell Below 35800 Tgt 35666,35580 and 35400  (Bank Nifty Spot Levels)

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