- As discussed in last analysis Bank Nifty closed above 14251 so we can see move towards 14524, High made till now 14467, Mostly 14524 will be done tomorrow. Any move above 14602 will see ban nifty crossing green arc which should again add to bullishness. Green arc Trading Wisdom From Legend Bruce Kovner
- Bank Nifty February Future Open Interest Volume is at 21.1 lakh with liquidation of 1.2 with increase in Cost of Carry suggesting short positions were closed today .Bank Nifty again gave 1500 points move below rollover cost @ 15441. How To Identify Market Tops and Bottom
- 15000 CE is having highest OI @9 Lakh strong resistance formation @15000. 14500 CE saw almost no addition as bulls were able to close Bank Nifty above 14251 .14000-15000 CE liquidated 0.43 Lakh.
- 14000 PE is having highest OI @5.1 Lakh, strong support at 14000, Bears added aggressively in 14400 PE.13500-14500 PE saw 0.6 lakh addition as Bank nifty closed above 14251
- Bank Nifty Futures Trend Deciding level is 14400 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 14263 .How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . Traders who took trade as per TC levels are rewarded with almost 2000 Points
Buy above 14470 Tgt 14536,14601 and 14700 (Bank Nifty Spot Levels)
Sell below 14400 Tgt 14320,14250 and 14171 (Bank Nifty Spot Levels)
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