Bank Nifty Bulls reacts from gann trendline,EOD Analysis

As discussed in last analysis Low made today was 16368 so 16350 was not broken and high made was 16501 and we closed above 16431, so bulls have upper hand now and above 16500 can take index to 16734/16792. Bank Nifty opened above 16600 , we got indication yesterday with close above 16431 and respecting the gann trendline and we 16792 and closed above 16792. Now we need close above 17067 and gann Horizontal trendline for next move towards 17400, Support at 16792-16800. Ways to Improve Discipline in Trading

Bank Nifty May Future Open Interest Volume is at 11.9 lakh with liquidation of 2.8 lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost is coming at 16860 closed below it. Do you know your Risk of Ruin in trading ?

17500 CE is having highest OI @4.9 Lakh resistance formation @17500. 16500-17500 CE saw 8.67 lakh addition in OI so bears ran for cover as were caught on wrong side with just 1 day left for expiry.

16000 PE is having highest OI @6.3 Lakh, strong support at 16000 followed by 16500, Bulls added 11 Lakh in OI in 16500-17500 PE as Bank nifty closed above 16792.

Bank Nifty Futures Trend Deciding level is 16860 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 16662, Longs taken as per TC level got 300 points reward. .How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .