Bank Nifty EOD Analysis for 11 Sep

  • As Discussed in Last Analysis Till we are holding 27000 next target should be 27570/27800. Bears will get active below 26900 for a move back to 26703/26621/26500. 27565 done now till we are holding 27300 we can rally towards 27800/28100. Bears will get active below 27100 for a move back to 26900/26775/26500.

  • Bank Nifty Sep Future Open Interest Volume is at 16.7 lakh with addition of 0.78 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @27807 closed below it.
  • 28000 CE is having highest OI @4.4 Lakh resistance at 27500  followed 28000. 27000-30000 CE added 1.3 Lakh in OI so bears added position in the zone of 27300-27500.
  • 26500 PE is having highest OI @3 Lakh, strong support at 26800 followed by 26500.26000-29000 PE added 1 Lakh OI so bulls making support in the range of 26800-27000.

Buy above 27300 Tgt 27419,27530 and  27750 (Bank Nifty Spot Levels)

Sell below 27150 Tgt 27030,26890 and 26721 (Bank Nifty Spot Levels)