Bank Nifty EOD Analysis for 14 June

By | June 13, 2018 6:48 pm
  • As Discussed in Last Analysis   Bulls have been holding gann angle also we passed important time cycle date suggesting big move in round the corner, break of high of 26656 we can easily see move towards 26773/26920. Break of 26450 can see fast down move towards 26300/26210. High made today was 27765 near our target of 26773 and closed above 26656, suggesting the big move we are looking for should come by tommrow or Friday. 15 June is another important time cycle date so brace yourself for trending move. Bullish above 26656 we can easily see move towards 26773/26920/27143. Break of 26450 can see fast down move towards 26300/26210.  Bank Important intraday time for reversal can be at 10:06/2:52. The Professional vs. Amateur’s Reaction to a Losing Trade

  • Bank Nifty June Future Open Interest Volume is at 27.8  lakh with addition of 1.18 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @26408 closed above it
  • 27000 CE is having highest OI @9.99 Lakh resistance at 27000 followed 27500.26000-28000 CE added 1.16  in OI so bears added  position at higher level  still resistance in range of 26700-26900, High made today was 26765.

 

  • 26000 PE is having highest OI @8.3 Lakh, strong support at 26200  followed by 26000.26000-28000 PE  added 1.30  lakh in OI so bulls having strong support in range of 26100-26200.

 

Buy above 26670 Tgt 26740,26820 and 26910 (Bank Nifty Spot Levels)

Sell below 26570 Tgt 26480,26420 and 26350 (Bank Nifty Spot Levels)

Category: Bank Nifty Astrology

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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