Bank Nifty gets resisted at gann angle,EOD Analysis for 13 Oct

As disused in Yesterday Analysis , As shown in below 2 charts Bank nifty was unable to close above 180 degree angle of gann and also 45 degree line of gann box suggesting both bulls and bears are in dilemma and mystery will get resolved early next week. Mystery continues as shown in updated chart, Bank Nifty again took resistance at 180 dgree line and 45 degree gann angle and support at blue line, perfect consolidation mode and gann studies at there best, 17850 is breakout area for 18050/18144 and 17350 is breakdown area for 17177/17000, In between its pure consolidation mode. Different Kind of Traders,Which one are you ?

Bank Nifty October Future Open Interest Volume is at 22.3 lakh with addition of 0.69 Lakh with decrease in CoC suggesting short position were added today. Rollover cost @17334, and bank nifty closed above it but near rollover price.

18000 CE OI at 5.9 lakh with addition of 0.86 lakh suggesting , wall of resistance @ 18000 .17500 CE added 0.01 lakh so bears did not add position. 17000-18000 CE added 0.92 Lakh, again today low was 17546 so 17500 is playing crucial role as we have been discussing.

17000 PE OI@ 6.7 lakhs strong base @ 17000. 16500/17000 PE added 0.16 lakh so bulls continue adding when bank nifty closed above 17500. 16000/17000 PE added 0.25 lakh addition by bulls seen today at 17500 PE.

Bank Nifty Futures Trend Deciding level is 17702 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 17482 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .