- As discussed in Last analysis Bulls need a close above 19732 for a move till 19904 and 20000.Bears will be active below 19451 for a move towards 19300/19100. Bank Nifty opened at 19763 made high of 19793 but got quickly sold off in first 15 mins of trading and as soon as 19451 which got broken at 12:30 within 5 mins bank nifty did 19300 and 19100 by 2:25 PM today, Trading is all about preparation and execution of the plan. As seen in below charts, break of 19096 can see fast fall towards 18846 and 18500 in short term. Bullish only on close above 19450 only. Congratulations to our Rock Solid Army for the SurgicalStrike Forecasting and Trading
- Bank Nifty October Future Open Interest Volume is at 18.7 lakh with addition of 7.7 lakh, with fall in Cost of Carry suggesting short positions were added today. Bank nifty rollover is at 63.9 and rollover cost @ 19803 Do you know your Risk of Ruin in trading ?
- Bank Nifty Futures Trend Deciding level is 19500 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 19500 .How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 19250 Tgt 19340,19420 and 19516 (Bank Nifty Spot Levels)
Sell below 19060 Tgt 18960,18850 and 18650 (Bank Nifty Spot Levels)
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