Bank Nifty Bulls hold gann angle ,EOD Analysis

As Discussed in Last Analysis As today was time cycle date high and low are important break of any side can see fast move of 300-400 points. Bank Nifty bulls need to move above 25100 for a move towards 25325/25510.Bearish below 25000 for a quick move towards 24900/24750/24510. Bank Nifty bulls again got stopped out on long side, Bearish bet paid off again below 25000. Bank Nifty has been holding to its gann angle line at 24824 if its get broken we can see fast fall towards 24517. Bullish above 24900 for a move towards 25000/25160/25250. Important intraday time for reversal can be at 10:40/1:09 “Piano Lessons” for life

Bank Nifty Feb Future Open Interest Volume is at 21.2 lakh with liquidation of 0.03 Lakh, with decrease in Cost of Carry suggesting short positions were covered today. Bank nifty Rollover cost @27248, closed below it and corrected 2248 points.

25500 CE is having highest OI @7.6Lakh resistance at 25300 followed 25500.25000-27000 CE added 3.3 lakh in OI so bears added position at higher levels.

24500 PE is having highest OI @5.3 Lakh, strong support at 24800 followed by 24500.25000-27000 PE liquidated 4.6 lakh in OI support at 24800 at test .

Bank Nifty Futures Trend Deciding level is 25020 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25293. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .