Weekly F&O Expiry: Bank Nifty Analysis

By | July 14, 2021
  • As Discussed in Last Analysis  Now its time to be cautious on long side as today “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ” is active and we have also completed 99 bars from 16 Feb TopAs Both Astro and Gann Cycle are coming  So we can see some downmove in market in next few trading sessions.  Now Bulls need to move above 35729 for a move back to 35820/35960/36200. Bears will get active below 35525 for a move back to 35430/35196/35048 . We have discussed the importance of Gann and Astro cycle in below video and discussed the plan also.Plan remains the same Bulls need to move above 35729 for a move back to 35820/35960/36200. Bears will get active below 35610 for a move back to 35470/35270/35100.

  • Bank Nifty July Future Open Interest Volume is at 19 lakh with liqudiation of 0.53 Lakh, 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 @17.3 Lakh resistance at 36000 followed 36300. 35000-36000 CE added 5.3 Lakh in OI so bears added position in the zone of 36000-36500.
  • 34500 PE is having highest OI @25.2 Lakh, strong support at 35000 followed by 34500 .34000-35000 PE added 12 Lakh OI so bulls making support in the range of 34500-35000.

Buy Above 35714 Tgt 35810, 35903 and 36005 (Bank Nifty Spot Levels)

Sell Below 35620 Tgt 35535, 35433 and 35266 (Bank Nifty Spot Levels)

Upper End of Expiry : 35903

Lower End of Expiry : 35433

Leave a Reply