Bank Nifty Weekly Expiry Levels

By | July 8, 2021 12:51 am
  • As Discussed in Last Analysis   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. Low made was 35427 so bulls were able to hold range of 35450-35486 now waiting for the target of 35869/36080/36300. Good Trending move should be seen in next 2 trading session as important astro date is coming. Bears will have there chance below 35400 for a move towards 35225/35040/34900

  • Bank Nifty July Future Open Interest Volume is at 19.7 lakh with liquidation of 0.40 Lakh, with increase 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 @25.3 Lakh resistance at 36000 followed 36300. 35000-36000 CE added 24.6 Lakh in OI so bears added position in the zone of 36000-36500.
  • 35000 PE is having highest OI @28.2 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 35800 Tgt 35900, 36033 and 36270 (Bank Nifty Spot Levels)

Sell Below 35650 Tgt 35535, 35323 and 35150 (Bank Nifty Spot Levels)

Upper End of Expiry : 36095

Lower End of Expiry : 35636

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