- As discussed in Last Analysis 29000 done and we got the big move as per expectation as Uranus Neptune showed effect, Now Bulls need to move above 29000 for a move back to 29180/29300/29500. Bears will get active below 28800 for a move back to 28666/28500/28300. 29180 done, Now Bulls need a close above 29250 for rally to continue till 29500/29666/29800. Bears will get active below 29070 for a move back to 28900/28700/28500
- Intraday time for reversal can be at 9:27/10:29/11:20/12:35/1:42 How to Find and Trade Intraday Reversal Times
- Bank Nifty Oct Future Open Interest Volume is at 12.9 lakh with liquidation of 1.2 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @30213 closed below it.
- 29300 CE is having highest OI @3.8 Lakh resistance at 29300 followed 29500.28000-31000 CE added 1.2 Lakh in OI so bears added position in the zone of 29300-29500.
- 28500 PE is having highest OI @5.3 Lakh, strong support at 28800 followed by 28500.27000-30000 PE added 2 Lakh OI so bulls making support in the range of 28800-29000.
- Bank Nifty Futures Trend Deciding level is 29110 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 29801 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 29200 Tgt 29290,29450 and 29666 (Bank Nifty Spot Levels)
Sell below 29100 Tgt 28910,28700 and 28580 (Bank Nifty Spot Levels)
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