Bank Nifty Analysis for 15 June

By | June 14, 2021 10:19 pm
  • As Discussed in Last Analysis Bulls got entry at 34874 did 2 targets on upside, As we have Mars going to Leo Zodiac which generally leads to Bearish move bears will get there chance below 35001 for a move towards 34855/34666/34423. Bulls will get active above 35170 for a move towards 35280/35444/35666.We saw a swift fall in bank nifty and today being an important astro date as discussed in below video we can see a top or bottom formation based on the break of today high and low. Bulls will get active above 35001 for a move towards 35170/34333/35500. Bears will get active below 34885 for a move towards 34684/34551/34300/34150.

  • Bank Nifty June  Future Open Interest Volume is at 15.1 lakh with liqudiation of 1.5 Lakh, with increase in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @34885 closed above it.
  • 35500 CE is having highest OI @26.6 Lakh resistance at 35500 followed 36000. 35000-36000 CE added 22.6 Lakh in OI so bears added position in the zone of 34500-35000.
  • 34000 PE is having highest OI @28.3 Lakh, strong support at 34500 followed by 34000 .34000-35000 PE added 17 Lakh OI so bulls making support in the range of 34000-34500.

Buy Above 35000 Tgt 35170, 35323 and 35500 (Bank Nifty Spot Levels)

Sell Below 34860 Tgt 34773, 34684 and 34551 (Bank Nifty Spot Levels)

Category: Daily

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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