- As Discussed in Last Analysis Now bulls need to move above 27830 for the up move to continue towards 28100/28300. Bears will get bearish below 27500 for a move back to 27300/27100. 28062 done, We have important astro time cycle date on 14 so we should see the effect of tomorrow or on Monday. Bank Nifty Bulls need to move above 27930 for a move back to 28100/28277/28500. Bears will get active below 27640 for a move back to 27500/27360.
- Intraday time for reversal can be at 9:19/10:2011:38/12:23/1:04/2:38 How to Find and Trade Intraday Reversal Times
- Bank Nifty Sep Future Open Interest Volume is at 15.5 lakh with liquidation of 1.7 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @27807 closed above it.
- 28000 CE is having highest OI @4.1 Lakh resistance at 28000 followed 28200. 27000-30000 CE liquidated 0.21 Lakh in OI so bears covered position in the zone of 28000-28300.
- 27500 PE is having highest OI @3.3 Lakh, strong support at 27800 followed by 27500.27000-30000 PE added 0.99 Lakh OI so bulls making support in the range of 27300-27500.
- Bank Nifty Futures Trend Deciding level is 27956 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27397 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 27890 Tgt 28000,28150 and 28300 (Bank Nifty Spot Levels)
Sell below 27800 Tgt 27700,26590 and 26460 (Bank Nifty Spot Levels)
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