- As Discussed in Last Analysis Time cycle gives an additional edge in choppy market as we know till 25300 low is not broken we will move on upside, the move was slow but rewarding. So Bulls holding 25500 can move towards 25760/25920. Bearish below 25300 for a move towards 25120/24951. High made was 25760 so bulls finally did the target of 25760. Bulls need to hold 25500 for the upmove to continue towards the new life high above 25871 where gann angle resistance lies and above it towards 25920. Bearish below 25500 for a move towards 25250/25000. The Radical Power of Humility
- Bank Nifty Jan Future Open Interest Volume is at 19.4 lakh with addition of 2.96 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @25671, and closed above it.
- 26000 CE is having highest OI @15.1 Lakh resistance at 26000 followed 25800.24500-26500 CE added 6.97 lakh in OI so bears added position in 25800-26000.
- 25000 PE is having highest OI @8 Lakh, strong support at 25200 followed by 25000.24500-26500 PE added 0.55 lakh in OI but still strong support at 25200-25000.
- Bank Nifty Futures Trend Deciding level is 25741(For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25528. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 25700 Tgt 25750,25830 and 25878 (Bank Nifty Spot Levels)
Sell below 25620 Tgt 25560,25500 and 25400 (Bank Nifty Spot Levels)
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Follow on Twitter:https://twitter.com/brahmesh