Bank Nifty Rallies 500 points as Gann Price Time Squaring shows Impact

By | July 5, 2021 8:20 pm
  • As Discussed in Last Analysis    Low made was 34632 so bears unable to break 34584 and bulls above 34800 did 1 target on upside and we saw price holding support of gann angle based on gann price time squraring. Now Bulls were able to close above 34800 waiting for the target of 34910/35016/35225/35390, Bears will get active below 34610 for a move back to 34517/34401/34332. 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.

  • Bank Nifty July Future Open Interest Volume is at 21.3 lakh with addition of 0.48 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.
  • 35000 CE is having highest OI @15.3 Lakh resistance at 35000 followed 35500. 35000-36000 CE added 4.6 Lakh in OI so bears added position in the zone of 36000-36500.
  • 34500 PE is having highest OI @18.2 Lakh, strong support at 34500 followed by 34000 .34000-35000 PE added 12 Lakh OI so bulls making support in the range of 34000-34500.

Buy Above 35240 Tgt 35323, 35432 and 35630 (Bank Nifty Spot Levels)

Sell Below 35080 Tgt 34933, 34816 and 34709 (Bank Nifty Spot Levels)

2 thoughts on “Bank Nifty Rallies 500 points as Gann Price Time Squaring shows Impact

  1. Varun

    1st Target for buy is mentioned wrong I guess… And thank you for nurturing us! 🙂

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