- As Discussed in Last Analysis RBI Governor Resigned price know about the news well in advance as we closed below 26300 and mostly will do the target of 25795 tomorrow opening,Below 25795 next important support are at 25496/25277/25000/24758. Bullish above 26225 for a move back to 26314/26500/26832. We did a perfect move from 1 gann angle to another also Intraday Levels mentioned on Twitter must have helped trader in riding the full move we did today. Bullish above 26225 for a move towards 26314/26500/26832.Bearish below 26100 for a move back to 26000/25920/25785. Important intraday time for reversal can be at 11:27/2:24. Why Investing In Trading Education Is Important
- Bank Nifty Dec Future Open Interest Volume is at 14.2 lakh with addition of 0.81 Lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @26532 closed below it.
- 27000 CE is having highest OI @5.3 Lakh resistance at 26500 followed 27000. 26000-28000 CE added 1 Lakh in OI so bears making resistance in the zone of 26300-26500.
- 26000 PE is having highest OI @7.2 Lakh, strong support at 25600 followed by 25300.26000-28000 PE liquidated 1.5 Lakh OI so bulls making strong support in the range of 25500-25300.
Buy above 26225 Tgt 26300,26390 and 26470 (Bank Nifty Spot Levels)
Sell below 26100 Tgt 26000,25920 and 25785 (Bank Nifty Spot Levels)
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