Bank Nifty ready to Rally on Quarterly Closing,EOD Analysis

• As Discussed in Last Analysis   Low made today was 25197 so bulls held on to 25050, Bullish above 25400 for a move back to 25488/25632/25770. Bearish below  25120 for a move back to 25040/24912/24768/24624. As Expiry got over yesterday most of the poison is out of system and we are starting Oct Expiry with a 13 Lakh OI and also as we have Weekly/Monthly/Quarterly so NAV Game will come in Play. Bank Nifty bulls were able to protect 25000 one more time, Bullish above 25130 for a move towards 25225/25380/25452/25525. Bearish below 25000 for a move back to 24920/24784. Important intraday time for reversal can be at 10:27/2:32. Volatility is here- Tips For Traders In Volatile Markets

 

• Bank Nifty Oct Future Open Interest Volume is at 13.4  lakh with addition of 6.6 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @25319 and Rollover %@64
  

• Bank Nifty Futures Trend Deciding level is 25288  For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25288  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 

 

Buy above 25170 Tgt 25320,25450 and 25525  (Bank Nifty Spot Levels)

Sell below 25100 Tgt 25000,24930 and 24830 (Bank Nifty Spot Levels)