NIFTY AND BANK NIFTY UPDATE

NIFTY VIEWS UPDATE
when nifty broke abv 8395 went upto 8409 retraced to 8400 and then zoom to 8438

breakout of CT has trgt 8381

double bottom pattern(though not copybook pattern but still pattern to pattern hi hota hai) trgts are 8415-8320=95 pts

8415+95=8510

tomorrow may probably be a tight range day and 8442-8390 may be broader trading range

abv 8442 trgts are 8465-8381-8510

some patterns developing are indicating that nifty may probably not dip below 8385 and will move up steadily towards 8623 levels till expiry day

corrections may come intraday and nifty may probably move up making HH nearly everyday

BANK NIFTY VIEWS:
BN channel trgts are 17875 on wednesday

channel is rising nearly 56 pts everyday

breakout of CT(nr 260pts) in Bn was done near 17570

trgts are 17570+260=17830(probably on thursday)

larger CT has trgts 17570+430=18000

OPTIONS O.I DATA
last nail in coffin of bears

today 8400 pe added more than 12lakhs in O.I and

8500pe addn was more than 5 lakhs

highest O.I in 8300pe near 63.8 lakhs with addn of more than 4.7 lakhs intraday