Bank Nifty Rallies 1000 points as Gann Price Time Squaring shows Impact

By | July 7, 2021 1:15 am
  • As Discussed in Last Analysis   Bulls were able to do 3 target on upside as Gann Price Time Sqauring and Astro date showed its effect almost 500 points up in 2 trading sessions as discussed in below video. Now Bulls need to move above 35240 for a quick move towards 35323/35432/35630. Bears will get active below 34920 for a move back to 34706/34500. All Bullish target done above 35240 and we have rallied 1000 points in 2 trading sessions as Gann Price Time Sqauring and Astro date showed its effect. We will have cabinet expansion tommrow till bulls are holding 35450-35486 range bulls have upper hand and rally can continue till 35869/36080/36300. Bears will get active below 35400 for a move towards 35225/35040/34900.

  • Bank Nifty July Future Open Interest Volume is at 20.1 lakh with liquidation of 1.1Lakh, with decrease in Cost of Carry suggesting LONG positions were closed today. Bank nifty Rollover cost @34909 and Rollover 81.1% closed above it.
  • 36000 CE is having highest OI @15.3 Lakh resistance at 36000 followed 36300. 35000-36000 CE added 14.6 Lakh in OI so bears added position in the zone of 36000-36500.
  • 35000 PE is having highest OI @18.2 Lakh, strong support at 35000 followed by 34500 .34000-35000 PE added 22 Lakh OI so bulls making support in the range of 34000-34500.

Buy Above 35600 Tgt 35729, 35869 and 36000 (Bank Nifty Spot Levels)

Sell Below 35400 Tgt 35225, 35100 and 34900 (Bank Nifty Spot Levels)

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