Bank Nifty Corrects as Astro Aspect Shows Effect

  


Bank Nifty Corrects as Astro Aspect Shows Effect – Bramesh’s Technical Analysis

  • As discussed in Last Analysis  As we have Sun Trine Uranus as discussed in below video suggesting we should see good move in market. We have traded in small range on Tuesday formed NR7 pattern suggesting big move should be seen soon. Plan remains the same Till we are holding 32200 we can rally till 32500/32768. Bears have there chance below 32150 for a move back to 31968/31887/31710/31621/31532. We saw the effect of Sun Trine Uranus as we broke 32150 we did low of 31963 near our target of 31968 Now waiting for the target of 31887/31710/31621/31532. Bulls will have chance only above 32100 for a move back to 32220/32444.

  • Bank Nifty Jan Future Open Interest Volume is at 12.3 lakh with addition of 3.3 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @32425 closed below it.
  • 32500 CE is having highest OI @3 Lakh resistance at 32100  followed 32300.31000-33000 CE added 11 Lakh in OI so bears added position in the zone of 32100-32500.
  • 31500 PE is having highest OI @2.9 Lakh, strong support at 31800 followed by 31500.31000-32500 PE added 6 Lakh OI so bulls making support in the range of 31800-32000.

Buy above 32100 Tgt 32220,32350 and  32444  (Bank Nifty Spot Levels)

Sell below 31950 Tgt 31870,31750 and 31525 (Bank Nifty Spot Levels)




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