Bank Nifty breaks gann arc,EOD Analysis

As discussed in last analysis As we have RBI policy tomorrow, as Bank Nifty is stuck between the gann arc and gann vertical line suggesting squeeze has happened and now ready for a big move, Breakdown below 15237 and Breakout above 15570 for a 300 point move either side which should come in next 2 days.Bank Nifty was unable to break 15570 but broke 15237 on downside gave 200 points move on downside as we have been expecting. Bank Nifty broke gann arc in the process which increase possibility of bank nifty heading towards 14754. Bulls needs to close above 15237 else we will break the low of 14754. How to Manage Trading Stress

Bank Nifty February Future Open Interest Volume is at 25.7 lakh with addition of 2.1 Lakh with decrease in Cost of Carry suggesting short positions were added today .Bank Nifty again gave 400 points move below rollover cost @ 15441. How To Identify Market Tops and Bottom

16000 CE is having highest OI @7.2 Lakh strong resistance formation @16000. 15500 CE saw 0.86 Lakh addition by bears so 15500 was sealed by bears for time being .15000-16500 CE added 4.9 Lakh in OI. 14500-16500 looks the range for Feb series.

15000 PE is having highest OI @5.3 lakh, strong support at 15000 and 14500 is next strong support looking at OI addition.14500-16500 PE saw 1.5 lakh addition so bulls adding at lower strike prices will be tested tomorrow.

Bank Nifty Futures Trend Deciding level is 15305 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 15403.How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . Traders who took trade as per TC levels are rewarded with almost 2000 Points