Bank Nifty Bounces above 25000, Holding Gann Level

• As discussed in Last Analysis Low made was 24791 so bulls continue to hold 24788 even though we had geo political concerns, Till 24788 is held another attempt will be made to reach 25000/25200.Bearish below 24480 for a move towards 24336/24180/24000. Bank Nifty held to 24788 and today was saw a 200 points bounceback and move back above 25000, Bulls need to hold 25000 for a move towards 25200 new life high and move towards 25281/25532. Daring greatly requires worthiness
  

• Bank Nifty Sep Future Open Interest Volume is at 24.8 lakh with addition of 0.84 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @24345 closed above it rallied 900 points above it.
  

 

• 25500 CE is having highest OI @4 Lakh resistance at 25500 followed 25300. 24000-26000 CE added 0.74 lakh so bears added major position  in 25200/25300 CE.
  

 

• 24000 PE is having highest OI @15.2 Lakh, strong support at 24000 followed by 24500, Bulls liquidated 2.3 Lakh position in OI in range of 24000-26000.

 

• Bank Nifty Futures Trend Deciding level is 25057 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 24580  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 

Buy above 25060 Tgt 25120,25190 and 25270 (Bank Nifty Spot Levels)

Sell below 25000 Tgt 24950,28640 and 24780 (Bank Nifty Spot Levels)

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