Bank Nifty EOD Analysis for 25 June

By | June 24, 2021 8:55 pm
  • As Discussed in Last Analysis High made was 34937 so bulls unable to break 34940 and bears below 34721 did 1 target on downside waiting for the target of 34432/33225. Bulls will get active above 34731 for a move towards 34900/35040/35200.Bulls did 1 target on upside and bouncing from gann angles, as bears got stopped out. Now Bulls need to move 34940 for a move back to 35040, 35127 and 35323. Bears will get active below 34721 for a move back to 34634/34444/34291.

  • Bank Nifty July Future Open Interest Volume is at 18.5 lakh with addition of 6.9 Lakh, with increase in Cost of Carry suggesting LONG positions were added today. Bank nifty Rollover cost @34909 and Rollover 81.1% closed above it.
  • 35500 CE is having highest OI @16.6 Lakh resistance at 35500 followed 36000. 35000-36000 CE added 16.6 Lakh in OI so bears added position in the zone of 35000-35500.
  • 34000 PE is having highest OI @12.3 Lakh, strong support at 34000 followed by 33500 .34000-35000 PE added 17 Lakh OI so bulls making support in the range of 34000-34500.

Buy Above 34940 Tgt 35040, 35127 and 35320 (Bank Nifty Spot Levels)

Sell Below 34784 Tgt 34666, 34555 and 34444 (Bank Nifty Spot Levels)

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