MAGICAL LEVELS OF BANK NIFTY 19-09-2019
AS ON 18-09-2019 BANKNIFTY CLOSED AT 27172 WITH GAIN OF 40 POINTS , ACCORDING TO ME BETTER TO AVOID LONG POSITIONS FOR THIS EXPIRY BECAUSE BANK NIFTY LOOKING WEAK ON CHARTS. THERE ARE SOME IMPORTANT LEVELS OF BANK NIFTY WHICH COULD HELP YOU PEOPLE FOR THIS EXPIRY , ACCORDING TO ME THE PIVOT OF BANKNIFTY IS AT 27225 , AND STRONG RESISTANCES ARE AT 27361 AND 27550 , AND STRONG SUPPORT'S ARE AT 27031 AND FOLLOWED BY 26900 , HERE SUPPORT 26900 ACTS AS STRONG CYCOLOGICAL SUPPORT, IF BANK NIFTY BREAKS AND SUSTAINS BELOW 26900 FOR 15-20 MINUTES, THEN U WILL SEE FALL TILL 26620-26700.
AS COMING TO THE OPTION DATA OF BANK NIFTY , THE PUT WRITERS ARE VERY ACTIVE AT 27000-27300 PUTS WITH MORE OI BUILD UP AND TODAY THEIR IS AGGERSIVE VOLUME AT 27000 PUT , AND WHILE CALL WRITERS ARE ACTIVE AT 27300-27500 CE. ACCORDING TO ME BY ANAYLSING TH OI DATA IT SEEMS UPSIDE IS LIMITED FOR THIS EXPIRY.
#HOPE FOR THE BEST, GOOD LUCK FRIENDS
SAI TECHNICAL ANALYSIS
AS COMING TO THE OPTION DATA OF BANK NIFTY , THE PUT WRITERS ARE VERY ACTIVE AT 27000-27300 PUTS WITH MORE OI BUILD UP AND TODAY THEIR IS AGGERSIVE VOLUME AT 27000 PUT , AND WHILE CALL WRITERS ARE ACTIVE AT 27300-27500 CE. ACCORDING TO ME BY ANAYLSING TH OI DATA IT SEEMS UPSIDE IS LIMITED FOR THIS EXPIRY.
#HOPE FOR THE BEST, GOOD LUCK FRIENDS
SAI TECHNICAL ANALYSIS
Trade closed: target reached